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GRACE COMPLETES ACQUISITION OF HOME INTENSIVE CARE

 BOCA RATON, Fla., July 19 /PRNewswire/ -- W. R. Grace & Co. (NYSE: GRA) today announced that it had completed the previously announced merger to acquire the shares of Home Intensive Care, Inc. (NASDAQ-NMS: HICI) not already owned by Grace for $6.60 per share in cash.
 In June, Grace announced the completion of a tender offer that resulted in its ownership of approximately 86 percent of HICI's outstanding shares.
 J. P. Bolduc, Grace's president and chief executive officer, said, "This acquisition is consistent with Grace's strategic plan to grow its core businesses. The integration of Home Intensive Care into Grace's health care network represents a significant complement to our existing services in home infusion and dialysis therapies."
 Grace is the world's largest specialty chemicals company with a leadership position in specialized health care.
 -0- 7/19/93
 /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 -- FL002 -- 3035 07/19/93 12:11 EDT
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Publication:PR Newswire
Date:Jul 19, 1993
Words:172
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