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MARINER HEALTH GROUP, INC. FILES REGISTRATION STATEMENT FOR AN INITIAL PUBLIC OFFERING OF 3 MILLION SHARES OF COMMON STOCK

 MYSTIC, Conn., May 17 /PRNewswire/ -- Mariner Health Group, Inc. announced the filing of a Registration Statement for an initial public offering of 3 million shares of common stock at a price range of $9 to $11 per share. All of the shares are being sold by the company. 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.
 The net proceeds of the offering are expected to be used for repayment on indebtedness and redemption of nonconvertible redeemable preferred stock.
 Prospectuses may be obtained from Alex. Brown & Sons Incorporated, 135 East Baltimore St., Baltimore, MD 21202, 410-727-1700, Hambrecht & Quist, Incorporated, One Bush St., San Francisco, CA 94104, 415-576-3300 or Cowen & Company, Financial Square, New York, NY 10005, 212-495-6000.
 A registration statement relating to these securities has been filed with the securities and exchange commission, but has not yet become effective. Information contained therein is subject to completion or amendment. These securities may not be sold, nor may an offer to buy be accepted prior to the time that the registration statement become effective.
 This press release shall not constitute and 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.
 -0- 5/17/93
 /CONTACT: Jeffrey W. Kinell, chief financial officer of Mariner Health Group, Inc., 203-572-7744/


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

DD -- NE022 -- 2959 05/17/93 14:20 EDT
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Publication:PR Newswire
Date:May 17, 1993
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