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GRANCARE ANNOUNCES FILING FOR LISTING ON NEW YORK STOCK EXCHANGE

 CULVER CITY, Calif., June 14 /PRNewswire/ -- GranCare Inc. (NASDAQ: GRNC) today filed an application for listing of its common stock on the New York Stock Exchange. The company anticipates notification from the exchange regarding its application within three to four weeks.
 "A New York Stock Exchange listing is consistent with GranCare's ongoing emphasis on improving shareholder value," said Gene E. Burleson, president and chief executive officer. "We look forward to the increased market attention, liquidity and stature such a listing will bring."
 The company operates 87 long-term health care facilities located in California, Michigan, Wisconsin, Colorado, Arizona and South Dakota; four institutional pharmacies; home health care operations; and offers a range of rehabilitation services.
 -0- 6/14/93
 /CONTACT: Gene E. Burleson or Catherine I. Greany of GranCare, Inc., 310-645-1555; or Cecilia A. Wilkinson or Craig A. Parsons of Pondel Parsons & Wilkinson, 310-207-9300, for GranCare/
 (GRNC)


CO: GranCare Inc. ST: California IN: HEA SU:

JB-MF -- LA002 -- 1447 06/14/93 09:05 EST
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Publication:PR Newswire
Date:Jun 14, 1993
Words:163
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