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LIVING CENTERS OF AMERICA ANNOUNCES PUBLIC OFFERING

LIVING CENTERS OF AMERICA ANNOUNCES PUBLIC OFFERING
 HOUSTON, Feb. 14 /PRNewswire/ -- Living Centers of America, Inc. (NYSE: LCA) today announced the initial public offering of 7,776,000 shares of its common stock at a price of $14.50 a share pursuant to a registration statement declared effective yesterday by the Securities and Exchange Commission.
 Living Centers of America, formerly ARA Living Centers, was a subsidiary of The ARA Group.
 Living Centers of America is the fourth largest operator of long- term health care centers in the United States. The company operates 210 long-term care centers and centers for the developmentally disabled with 19,081 licensed beds in nine states: Texas, Colorado, Louisiana, Oklahoma and five other contiguous states.
 The company's office is located in Houston. The company has more than 15,000 employees.
 The offering was managed by Merrill Lynch & Co.; Donaldson, Lufkin & Jenrette Securities Corporation; Goldman, Sachs & Co.; and Kemper Securities Group, Inc. The prospectus relating to the securities may be obtained by contacting Merrill Lynch & Co., World Financial Center, North Tower, New York, NY 10281.
 -0- 2/14/92
 CONTACT: Dorothy M. Wiley of Living Centers of America, 713-578-4650
 (LCA)
CO: LIVING CENTERS OF AMERICA INC.
IN: HEA
ST: TEXAS (TX)


-- NY027 -- 9034 02/14/92
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Publication:PR Newswire
Date:Feb 14, 1992
Words:209
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