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HORIZON HEALTHCARE PRICED A PUBLIC OFFERING

 ALBUQUERQUE, N.M., Oct. 21 /PRNewswire/ -- Horizon Healthcare Corp. (NYSE: HHC), today announced that it has priced a public offering of 3.5 million shares of common stock as of Oct. 20, 1993 at a price of $15.625. Merrill Lynch & Co., NatWest Securities Ltd. and Dean Witter Reynolds Inc., are the managers for the offering.
 Net proceeds to the company from the offering will be used to fund properties to be acquired in connection with the company's pending merger with Greenery Rehabilitation Group Inc. and to provide working capital.
 This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.
 A prospectus relating to the offering may be obtained from Merrill Lynch & Co., Tritech Services, Prospectus Department, 4 Corporate Place, 287 Corporate Park, Piscataway, N.J. 08854, 908-878-6528.
 Horizon Healthcare, headquartered in Albuquerque is a len?g provider of quality specialty health care 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. Horizon operates six specialty hospitals, five specialty subacute units, 83 long-term care facilities with a total of 9,023 beds in 11 states and institutional pharmacy services serving more than 24,000 beds.
 -0- 10/21/93
 /CONTACT: Michael H. Seeliger of Horizon Healthcare, 505-881-4961/
 (HHC)


CO: Horizon Healthcare Corp. ST: New Mexico IN: HEA SU: OFR

BB -- DV011 -- 5429 10/21/93 16:31 EDT
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Publication:PR Newswire
Date:Oct 21, 1993
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