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THE STANDISH CARE COMPANY ENTERS INTO AN AGREEMENT TO FINANCE CONTINUED GROWTH

 THE STANDISH CARE COMPANY ENTERS INTO AN AGREEMENT
 TO FINANCE CONTINUED GROWTH
 BOSTON, Aug. 11 /PRNewswire/ -- The Standish Care Company, Inc. (NASDAQ: STAN) today announced that it has entered into an agreement with Investment Partners of America, Inc. (IPA), an investment banking firm, in which IPA will assist the company in raising capital through a private placement. In addition, should the company require financing prior to completing the private placement IPA has agreed to provide bridge financing.
 Standish Care is a leader in the healthcare industry's fast-growing assisted-living sector, a service-intensive form of housing for frail but functional seniors.
 Boston-based Standish Care develops, owns, and manages assisted living and related communities for seniors. Standish Care currently provides management and related services to senior living communities in Houston; Dearborn, Mich.; Destin and Gainesville, Fla., York, and Chalfont, Pa.
 -0- 8/11/92
 /CONTACT: Michael J. Doyle, president and CEO of Standish Care, 617-266-5555, or Lory Roston, president of Lory Roston Associates, 212-877-8590, for Standish Care/
 (STAN) CO: Standish Care Company, Inc. ST: Massachusetts IN: HEA SU: FNC


TS-OS -- NY022 -- 8857 08/11/92 09:44 EDT
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Publication:PR Newswire
Date:Aug 11, 1992
Words:185
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