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HORIZON HEALTHCARE ANNOUNCES THE ACQUISITION OF A NURSING CENTER IN NEVADA

 HORIZON HEALTHCARE ANNOUNCES THE ACQUISITION
 OF A NURSING CENTER IN NEVADA
 ALBUQUERQUE, N.M., May 14 /PRNewswire/ -- Horizon Healthcare Corp. (NYSE: HHC) today announced that is has acquired Physicians Hospital for Extended Care, a 98 bed skilled nursing center located in Reno, Nev., through a long-term lease. This transaction brings the number of skilled nursing centers operated by Horizon in Nevada to eight with 1,072 beds.
 Commenting on the acquisition, Neal Elliott, Horizon's chairman and CEO said, "We are very pleased with this transaction which further evidences the success of our regional concentration strategy. The acquisition strengthens our leadership role in Nevada and allows us to expand our ancillary services and pharmacy services, through our Southwest pharmacy joint venture."
 Horizon Healthcare, headquartered in Albuquerque is a leading provider of quality long-term healthcare which includes nursing homes, subacute hospitals, pharmacy services, rehabilitation and therapy services, and Alzheimer Care. After the completion of this transaction the company will operate 61 long-term care centers with a total of 6,102 beds, in seven states. Horizon also owns 50 percent of two institutional pharmacies serving 9,550 beds.
 -0- 5/14/92
 /CONTACT: Michael H. Seeliger of Horizon Healthcare, 505-881-4961/
 (HHC) CO: Horizon Healthcare Corp. ST: New Mexico, Nevada IN: HEA SU: TNM


BB -- DV007 -- 0472 05/14/92 17:20 EDT
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Publication:PR Newswire
Date:May 14, 1992
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