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GRANCARE COMPLETES WISCONSIN ACQUISITIONS

 CULVER CITY, Calif., May 4 /PRNewswire/ -- In its latest acquisition, GranCare Inc. (NASDAQ: GRNC) today announced it has completed the purchase of four long-term care facilities in Wisconsin totaling 639 beds. The facilities, purchased for approximately $16.5 million in cash and notes, augment GranCare's existing long- term care and pharmacy operations in Wisconsin.
 "This acquisition allows us to broaden our base in the superior region of Wisconsin, with excellent facilities and increased ancillary specialty medical revenues, which is precisely the objective of our acquisition program," said Gene E. Burleson, GranCare president and chief executive officer.
 Last month, the company completed the previously announced acquisition of two long-term care facilities and two therapy service companies in the western United States with an aggregate value of $13 million.
 GranCare currently operates 87 long-term health care facilities totaling approximately 11,800 beds 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- 5/4/93
 /CONTACT: Gene E. Burleson, president & CEO, or Catherine I. Greany, of GranCare, 310-645-1555; or Craig A. Parsons or Cecilia A. Wilkinson of Pondel Parsons & Wilkinson, 310-207-9300, for GranCare/
 (GRNC)


CO: GranCare Inc. ST: California, Wisconsin IN: HEA SU: TNM

JL-BP -- LA019 -- 4167 05/04/93 09:00 EDT
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Publication:PR Newswire
Date:May 4, 1993
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