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NATIONWIDE HEALTH PROPERTIES COMPLETES PURCHASE OF A $6.2 MILLION FACILITY

 NATIONWIDE HEALTH PROPERTIES COMPLETES PURCHASE
 OF A $6.2 MILLION FACILITY
 NEWPORT BEACH, Calif., Aug. 24 /PRNewswire/ -- Nationwide Health Properties Inc. (NYSE: NHP) announced that it has completed the acquisition of a 145-bed long-term care facility in Orange, Calif., for $6,200,000. The facility will be leased to and operated by Integrated Health Services Inc., a large publicly owned operator of long-term care facilities.
 "This is one of the finest long-term care facilities that the company has seen, and we are pleased to add it to our company's portfolio," said R. Bruce Andrews, president and chief executive officer. "In addition, Integrated Health Services is one of the leading companies in advancing sub-acute care in long-term care facilities."
 Nationwide Health Properties Inc. is a real estate investment company that invests in health care facilities. The company has investments in 159 facilities in 28 states.
 -0- 8/24/92
 /CONTACT: R. Bruce Andrews, president and CEO, or Mark L. Desmond, VP and treasurer, of Nationwide Health Properties, 714-251-1211/
 (NHP) CO: Nationwide Health Properties Inc. ST: California IN: HEA SU: RLE


AL-LS -- LA005 -- 2468 08/24/92 09:15 EDT
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Publication:PR Newswire
Date:Aug 24, 1992
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