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GREENERY REHABILITATION GROUP ANNOUNCES LOSS FOR THE QUARTER

 GREENERY REHABILITATION GROUP ANNOUNCES LOSS FOR THE QUARTER
 NEWTON, Mass., Feb. 11 /PRNewswire/ -- Greenery Rehabilitation Group, Inc. (NYSE: GRG) today announced its results for the quarter ended Dec. 31, 1991.
 The comparative results for the quarters ended Dec. 31, 1991 and 1990 are as follows:
 GREENERY REHABILITATION GROUP, INC.
 Quarter ended Quarter ended
 Dec. 31, 1991 Dec. 31, 1990
 Total revenues $27,532 $26,425
 Total expenses 27,817 24,964
 Equity in net loss of
 Healthcare International, Inc. --- 865
 Pre-tax (loss) income (285) 596
 Provision for income taxes --- 361
 Net (loss) income $(285) $235
 Net (loss) income per share (3 cents) 3 cents
 Weighted shares outstanding 8,312,000 8,582,000
 Upon making this announcement, George Ferencik, president and chief operating officer, had the following comments on these financial results: "The operating loss our company has experienced this quarter is the result of essentially flat net operating revenues with continued increases in operating expenses this quarter. In addition to the problems with average lengths of stay previously reported at the company's first four expansion facilities, the Canton Harbor facility in Baltimore, Greenery-Farmington and Greenery-Clarkston in Michigan are also experiencing cost increases without the benefit of corresponding revenues. We intend to respond to these disappointing results for the first quarter of 1992 by better managing both expense levels and occupancies in order to improve operating results. We intend to redouble both our efforts to manage costs while maintaining the high quality of our specialty programs and our efforts to increase revenues by marketing our programs on a national and regional basis."
 Greenery Rehabilitation Group, Inc. is headquartered in Newton. Greenery Group currently operates 12 rehabilitation and skilled nursing facilities in eight states.
 -0- 2/11/92
 /CONTACT: Gerard M. Martin, chairman, or George M. Ferencik, president, of Greenery Rehabilitation Group, 617-244-4744/
 (GRG) CO: Greenery Rehabilitation Group ST: Massachusetts IN: HEA SU: ERN


TM-SH -- NE014 -- 8899 02/11/92 15:01 EST
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Publication:PR Newswire
Date:Feb 11, 1992
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