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REPUBLIC HEALTH CORPORATION FILES REGISTRATION STATEMENT WITH SEC

 REPUBLIC HEALTH CORPORATION FILES REGISTRATION STATEMENT WITH SEC
 DALLAS, March 31 /PRNewswire/ -- Republic Health Corporation (NASDAQ: REPH) announced today that it has filed a registration statement with the Securities and Exchange Commission with respect to a proposed public offering of $325 million principal amount of its new senior subordinated noted due 2002. Donaldson, Lufkin & Jenrette Securities Corporation, Kidder, Peabody & Co. Incorporated, and Salomon Brothers Inc, will act as managing underwriters in the notes offering.
 Republic Health is a health care service company which owns and operates 11 general acute care hospitals with 2,543 licensed beds. On March 9, 1992, Republic Health entered into a definitive agreement to acquire all the outstanding stock of SAFECARE Health Services, Inc., a wholly-owned subsidiary of SAFECO Properties, Inc. for approximately $125 million. SAFECARE owns and operates five acute care hospitals with a total of 750 licensed beds and a psychiatric hospital with 44 licensed beds.
 The company will use the net proceeds from the sale of the notes to finance the acquisition of SAFECARE and to repay certain indebtedness.
 A registration statement relating to the securities being offered has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an 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 the registration or qualification under the securities laws of any such state.
 -0- 3/31/92
 /CONTACT: Helen Hardin of Republic Health Corporation, 214-851-3151/
 (REPH) CO: Republic Health Corporation ST: Texas IN: HEA SU: OFR


AH -- NY098 -- 3677 03/31/92 20:00 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Mar 31, 1992
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