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HILLHAVEN: ELECTION OF BRUCE L. BUSBY AS CHAIRMAN OF BOARD OF DIRECTORS; MARIS ANDERSONS DIRECTOR; APPROVAL OF ONE-FOR-FIVE REVERSE STOCK SPLIT

 TACOMA, Wash., Sept. 29 /PRNewswire/ -- The Hillhaven Corp. (AMEX: HIL) announced the following in conjunction with its annual shareholders' meeting and meeting of its board of directors on Sept. 28, 1993:
 Bruce L. Busby, Hillhaven's chief executive officer was elected to the additional post of chairman of the board. Busby, 49, was appointed to the position of chief executive officer and became a director in April 1991.
 Busby's appointment follows the resignation effective Sept. 15 of Richard K. Eamer as chairman and as a member of the board of directors. Maris Andersons, 55, was appointed to fill the vacancy created by Eamer's departure. Andersons is executive vice president and treasurer of National Medical Enterprises Inc.
 The company announced that its shareholders voted in favor of a reverse stock split and that its board of directors has approved a one-for-five reverse split to be effective in early November 1993.
 "The reverse stock split will provide our shareholders greater marketability, encourage investment by institutional investors and reduce transaction costs associated with trading in our common stock," commented Bruce Busby.
 Additionally, the shareholders re-elected Bruce Busby, Dinah Nemeroff and Jack Vance to the board of directors for three-year terms each and ratified the selection of KPMG Peat Marwick as the company's independent auditor.
 Hillhaven is one of the nation's largest diversified health care providers, operating over 400 nursing centers, retirement housing communities and pharmacy outlets in 36 states.
 -0- 9/29/93
 /CONTACT: Tim Carroll of The Hillhaven Corp., 206-756-4806/
 (HIL)


CO: The Hillhaven Corp. ST: Washington IN: HEA SU: PER

JH -- SE004 -- 6636 09/29/93 07:50 EDT
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Publication:PR Newswire
Date:Sep 29, 1993
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