NATIONAL HERITAGE ANNOUNCES ACQUISITION
NATIONAL HERITAGE ANNOUNCES ACQUISITION DALLAS, Feb. 26 /PRNewswire/ -- National Heritage, Inc. (NYSE: NHR)
announced today that it has completed a transaction to acquire the stock of a company which operates three leased nursing homes. Chairman, Robert M. Galecke, commented, "We are pleased with the addition of these three nursing homes to the company's base of business." Annual revenues for the acquired company were in excess of $4 million in 1991.
National Heritage, Inc., headquartered in Dallas, is a leading manager and operator of long term care facilities for the elderly. -0- 2/26/92 /CONTACT: Vicki A. Bolton of National Heritage, 214-233-3900/ (NHR) CO: National Heritage, Inc. ST: Texas IN: HEA SU: TNM SM -- NY087 -- 2998 02/26/92 17:11 EST
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|Date:||Feb 26, 1992|
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