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THE STANDISH CARE COMPANY COMMENCES OFFER OF 700,000 SHARES OF SERIES A CUMULATIVE CONVERTIBLE PREFERRED STOCK

 BOSTON, Sept. 2 /PRNewswire/ -- The Standish Care Company and RAS Securities Corp. of New York announced jointly today that an offering of 700,000 shares of series A cumulative convertible preferred stock at an initial offering price of $10 per share commenced yesterday. The shares are being issued by Standish Care, and RAS Securities is the underwriter of the offering.
 Standish Care's principal business activities are acquiring and managing existing assisted and related senior living communities, managing and marketing communities owned by third parties, and developing new assisted living communities. Currently, Standish Care is operating, managing and/or marketing approximately 1,370 units for seniors at communities in Boston; Dearborn, Mich.; Destin and Gainesville, Fla.; Dover (York County), Chalfont (Bucks County) and Erie, Pa.; Providence, R.I.; and Chesapeake, Poquoson and Williamsburg, Va.
 The attorney general of the state of New York has not passed on or endorsed the merits of this offering. Any representation to the contrary is unlawful.
 Copies of the prospectus may be obtained in any state where these securities may lawfully be offered by the underwriter and such other dealers as may lawfully offer these securities in such state.
 -0- 9/2/93
 /CONTACT: Michael Doyle of The Standish Care Company, 617-266-5555/


CO: The Standish Care Company ST: Massachusetts IN: HEA SU: OFR

GK-SH -- NY064 -- 8478 09/02/93 14:21 EDT
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Publication:PR Newswire
Date:Sep 2, 1993
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