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REGENCY HEALTH SERVICES, INC. CHOOSES AMERICAN STOCK EXCHANGE LISTING FOR INITIAL PUBLIC

 REGENCY HEALTH SERVICES, INC. CHOOSES
 AMERICAN STOCK EXCHANGE LISTING FOR INITIAL PUBLIC
 NEW YORK, June 26 /PRNewswire/ -- An initial public offering of Regency Healthcare Services, Inc., of Newport Beach, California, today began trading on the American Stock Exchange with the common stock opening at 6 1/2 on 19,000 shares. The stock trades under ticker symbol "RHS". The company has chosen Kalb, Voorhis and Company as its specialist unit.
 Regency Health Services, Inc. operates healthcare facilities throughout California that provide skilled nursing care and other healthcare services, primarily to elderly patients. In December 1991, Regency acquired Hallmark Health Services, Inc. and now operates 32 healthcare facilities with 2,933 beds. Regency recently began operating a pharmacy which currently provides pharmaceutical products and services to most of the company's facilities. Regency plans to expand its pharmacy operations. In addition, the company has opened subacute specialty care units within several of its facilities.
 Revenues for the nine months ended March 31, 1992 were $55,709,000, up from $42,446,000 for the same period in 1991. Net income for the period was $1,968,000, up from $1,242,000 in the prior year.
 According to Cecil Mays, Regency President and CEO, "We're very pleased to be a public company and to have been accepted for listing on the American Stock Exchange. The equity provided by the offering will help us continue to implement our operating strategy."
 The American Stock Exchange is committed to becoming the recognized, premier marketplace for growth companies and derivative securities. By responding to listed company needs and initiating quality services, the Amex finds innovative ways to add value to the expanding community of companies and investors it serves.
 -0- 6/26/92
 /CONTACT: Carrington C.S. North of Regency Healthcare Services, Inc., 212-306-1662/
 (RHS) CO: Regency Healthcare Services, Inc. ST: California IN: HEA SU: OFR


LD -- NY071 -- 4393 06/26/92 17:41 EDT
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Publication:PR Newswire
Date:Jun 26, 1992
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