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GRACE ANNOUNCES EXTENSION OF TENDER OFFER FOR HOME INTENSIVE CARE

 BOCA RATON, Fla., May 19 /PRNewswire/ -- W. R. Grace & Co. (NYSE: GRA) today announced the extension of its offer to purchase the outstanding shares of Home Intensive Care, Inc. (NASDAQ-NMS: HICI) for $6.60 per share in cash until Midnight, New York City time, on Tuesday, June 1, 1993. Grace previously announced that it had filed a Notification and Report Form under the Hart-Scott-Rodino Antitrust Improvements Act on May 10, 1993, that the 15-day waiting period under the Hart-Scott-Rodino Act would expire on May 25, 1993 and that it does not intend to seek early termination of the waiting period. As previously disclosed, receipt of a second request under the Hart-Scott- Rodino Act would extend the waiting period for an additional 10 days following the date of substantial compliance with such request. In the event of a second request, Grace expects, subject to the terms of the tender offer and its Merger Agreement with Home Intensive Care, that it would further extend the offer.
 Through the close of business on May 19, 1993, 10,575,322 shares of Home Intensive Care had been tendered and not withdrawn pursuant to Grace's offer.
 Grace is the world's largest specialty chemicals company and holds a leadership position in specialized health care.
 Home Intensive Care is a leading national provider of a full line of sophisticated alternate site infusion therapy and dialysis health care services. Its operations cover key U.S. metropolitan centers through 35 home infusion regional offices which include infusion clinics and infusion suites. In addition, it operates 13 dialysis clinics in metropolitan areas.
 -0- 5/19/93
 /CONTACT: Chuck Suits of W. R. Grace, 407-362-2600 or 800-GRACE99/
 (GRA HICI)


CO: W. R. Grace & Co.; Home Intensive Care, Inc. ST: Florida IN: HEA SU: TNM

AW -- FL018 -- 0519 05/19/93 18:17 EDT
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Publication:PR Newswire
Date:May 19, 1993
Words:302
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