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MARINER HEALTH GROUP, INC. ANNOUNCES PUBLIC OFFERING OF 3,500,000 SHARES OF COMMON STOCK

 MYSTIC, Conn., June 8 /PRNewswire/ -- Mariner Health Group, Inc. (NASDAQ-NMS: MRNR) announced today the completion of its initial public offering of 3,500,000 shares of common stock at a price of $11 per share. The shares will be quoted on the NASDAQ national market system under the symbol "MRNR." The size of the offering was increased from 3,000,000 shares previously announced. Managing underwriters for the offering are Alex. Brown & Sons Incorporated, Hambrecht & Quist Incorporated and Cowen & Company.
 Mariner provides subacute health care services to patients who no longer require the extensive services of an acute care hospital but are too sick to go home. The company has established particular clinical expertise in the treatment of short-stay subacute patients in cost- effective alternate sites. Subacute patients are medically stable and require more than three hours of skilled nursing care per day. These patients typically can benefit from standardized clinical programs, require extensive ancillary medical services and are discharged from Mariner's facilities directly to their homes.
 Proceeds from the offering will be used to repay indebtedness and to redeem the company's nonconvertible redeemable preferred stock.
 -0- 6/8/93
 /CONTACT: Jeffrey W. Kinell, chief financial officer of Mariner Health Group, 203-572-7744/
 (MRNR)


CO: Mariner Health Group, Inc. ST: Connecticut IN: HEA SU: OFR

DD -- NE010 -- 6475 06/08/93 10:58 EDT
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Publication:PR Newswire
Date:Jun 8, 1993
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