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HORIZON HEALTHCARE ANNOUNCES SCHEDULED SHAREHOLDER MEETING TO VOTE ON MERGER

 ALBUQUERQUE, N.M., Sept. 13 /PRNewswire/ -- Horizon Healthcare Corp. (NYSE: HHC) which previously announced that it had entered into an agreement to merge with Greenery Rehabilitation Group Inc. (NYSE: GRG) announced that Horizon's board of directors has scheduled its annual meeting of shareholders for 1:30 p.m. on Nov. 30, 1993, at the Ramada Classic Hotel, 6815 Menaul Blvd. NE, Albuquerque, to elect two directors and, if required, vote on approval of the merger agreement. Shareholders of record as of the close of business on Oct. 13, 1993 will be entitled to notice of and to vote at this meeting.
 Neal Elliott, Horizon Healthcare's president and chief executive officer stated, "Horizon's shareholder approval will allow completion of the merger of Greenery into Horizon. As we wait for shareholder approval, Horizon will continue to provide consulting services to Greenery under its previously announced agreement. Since the merger requires no equity financing, the timing and scope of Horizon's previously announced stock offering will await stronger market conditions and clarification of President Clinton's healthcare reform."
 Horizon Healthcare, headquartered in Albuquerque, is a leading provider of quality specialty healthcare services including licensed specialty hospitals and subacute care, pharmacy services, rehabilitation therapies, laboratory services, Alzheimer's care and long-term nursing care. Through National Institutional Pharmacy Services Inc., CRC Rehabilitation Centers Inc., and LTC Medical Laboratories Inc., Horizon provides pharmacy services, rehabilitation therapies and clinical laboratory services. As of Sept. 13, 1993, Horizon operates six specialty hospitals, five specialty subacute units, 83 long-term care centers with a total of 9,025 beds in 11 states, and institutional pharmacy services serving more than 22,000 beds.
 -0- 9/13/93
 /CONTACT: Michael H. Seeliger of Horizon Healthcare, 505-881-4961/
 (HHC GRG)


CO: Horizon Healthcare Corp.; Greenery Rehabilitation Group Inc. ST: New Mexico IN: HEA SU:

MC -- DV003 -- 1186 09/13/93 10:08 EDT
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Publication:PR Newswire
Date:Sep 13, 1993
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