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HALLMARK HEALTHCARE CORPORATION REPORTS HOSPITAL SALE

 HALLMARK HEALTHCARE CORPORATION REPORTS HOSPITAL SALE
 ATLANTA, Aug. 7 /PRNewswire/ -- Hallmark Healthcare Corporation (HMHC) announced that its subsidiary has completed the sale for cash of Warren Regional Hospital, a 63-bed hospital in McMinnville, Tenn., and expects to report, in its quarter ending Sept. 30, a gain of approximately $750,000 on the sale.
 Net cash proceeds of approximately $4.9 million from the sale were used to reduce the company's debt. The company said it sold the hospital because it no longer fit the company's strategic objectives.
 Atlanta-based Hallmark Healthcare Corporation provides healthcare services to communities through ownership or management of general acute care hospitals and related healthcare services. The company operates 18 facilities in nine states.
 -0- 8/7/92
 /CONTACT: Robert M. Thornton Jr., executive vice president and chief financial officer of Hallmark Healthcare, 404-933-5500/ CO: Hallmark Healthcare Corporation ST: Georgia IN: HEA SU: TNM


BN-EA -- AT011 -- 8138 08/07/92 16:23 EDT
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Publication:PR Newswire
Date:Aug 7, 1992
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