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PROVIDENCE HEALTH CARE REPORTS AUTHORIZATION TO EXTEND STOCK REPURCHASE PROGRAM

 BEREA, Ohio, July 19 /PRNewswire/ -- Providence Health Care, Inc. (NASDAQ: PHCI) reported today that its board of directors extended its stock repurchase program initiated in 1992, authorizing the purchase of up to 100,000 additional shares of the company's stock in the open market. This follows the company's previous authorization of the purchase of 225,000 shares in the open market announced Nov. 20, 1992, and the purchases of an additional 216,850 shares in a private transaction announced Feb. 5, 1993.
 Providence Health Care is a provider of long-term nursing care, principally in the state of Ohio. The company operates 13 nursing facilities in Ohio, one in Vermont and one in Virginia for an aggregate of 1,245 beds. Providence also has a contract to manage a 175-bed facility in Ohio.
 -0- 7/19/93
 /CONTACT: Lawrence B. Cummings, chairman, president and CEO of Providence Health Care, Inc., 216-243-4732/
 (PHCI)


CO: Providence Health Care, Inc. ST: Ohio IN: HEA SU:

KL -- CL024 -- 3234 07/19/93 16:19 EDT
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Publication:PR Newswire
Date:Jul 19, 1993
Words:170
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