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NATIONAL HERITAGE BOARD RECOMMENDS SHAREHOLDERS REJECT NEW TENDER OFFER

NATIONAL HERITAGE BOARD RECOMMENDS SHAREHOLDERS REJECT NEW TENDER OFFER
 DALLAS, Sept. 9 /PRNewswire/ -- National Heritage, Inc. (NYSE: NHR) announced today that the recent decision by WelCare International, Inc. to increase the price of its tender offer to $1.0471 per share has not caused the National Heritage board to change its recommendation to National Heritage shareholders that they reject WelCare's unsolicited tender offer.
 In a filing with the Securities and Exchange Commission yesterday, the National Heritage board of directors noted that its original recommendation that shareholders reject the WelCare offer had been based on factors other than the price offered by WelCare, and that, in view of the board's continuing concern with respect to certain of those factors, the board had determined that its recommendation regarding the offer would remain unchanged notwithstanding the price increase.
 National Heritage, Inc. is one of the nation's leading managers of long-term care facilities of the elderly.
 -0- 9/9/92
 /CONTACT: Vicki A. Bolton, investor relations of National Heritage, 214-233-3900/
 (NHR) CO: National Heritage, Inc. ST: Texas IN: HEA SU:


PS -- NY044 -- 7505 09/09/92 12:30 EDT
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Publication:PR Newswire
Date:Sep 9, 1992
Words:185
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