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HORIZON HEALTHCARE PURCHASES $1 MILLION OF ITS CONVERTIBLE SUBORDINATED NOTES

 HORIZON HEALTHCARE PURCHASES $1 MILLION
 OF ITS CONVERTIBLE SUBORDINATED NOTES
 ALBUQUERQUE, N.M., April 3 /PRNewswire/ -- On April 1, 1992, Horizon Healthcare Corp. (NYSE: HHC) purchased $1,000,000 of its 6 3/4 percent Convertible Subordinated Notes due 2002 ("Notes"). Horizon may purchase additional Notes from time to time, however, the company has no formal plan to purchase any additional Notes. The Notes are traded on the New York Stock Exchange.
 Horizon Healthcare operates long-term care centers principally in Ohio, New Mexico, and Nevada and provides a broad range of health care services, including nursing care, rehabilitation and other therapies, institutional pharmacy services, specialty care to Alzheimer's patients, and subacute care. As of Jan. 30, 1992, the company operated 60 long-term care centers in seven states with approximately 6,000 licensed beds.
 -0- 4/3/92
 /CONTACT: Michael H. Seeliger of Horizon Healthcare, 505-881-4961/
 (HHC) CO: Horizon Healthcare Corp. ST: New Mexico IN: HEA SU:


MC -- DV005 -- 4917 04/03/92 14:59 EST
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Publication:PR Newswire
Date:Apr 3, 1992
Words:165
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