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GRACE COMMENCES TENDER OFFER FOR HOME INTENSIVE CARE AT $6.60 PER SHARE

 BOCA RATON, Fla., April 22 /PRNewswire/ -- W. R. Grace & Co. (NYSE: GRA) today announced that a subsidiary has commenced a previously announced tender offer for all of the outstanding shares of Home Intensive Care, Inc. (OTC: HICI) for $6.60 per share in cash. Completion of the tender offer is subject to customary conditions, including Grace obtaining a majority of the outstanding shares of Home Intensive Care and Hart-Scott- Rodino clearance. The tender offer will expire at midnight on Wednesday, May 19, 1993, unless extended. The tender offer is being made pursuant to offering documents being filed today with the Securities and Exchange Commission.
 Following completion of the tender offer, Home Intensive Care will become a wholly owned subsidiary by means of a merger in which any remaining holders of Home Intensive Care shares would receive the same price.
 Donaldson, Lufkin & Jenrette Securities Corporation is acting as the dealer manager for the offer, and D. F. King & Co., Inc. is acting as information agent for the offer.
 Grace is the world's largest specialty chemicals company and holds a leadership position in specialized health care.
 -0- 4/22/93
 /CONTACT: Chuck Suits of W. R. Grace & Co., 407-362-2600 or 800-GRACE99/
 (GRA)


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

SS-XX -- FL006 -- 9249 04/22/93 09:40 EDT
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Publication:PR Newswire
Date:Apr 22, 1993
Words:225
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