OTHER NEWS - Jan. 31, 1994
From Times Staff and Wire Reports
NME to Raise Hillhaven Stake: Santa Monica-based National Medical Enterprises Inc. said it will more than double its equity stake in Hillhaven Corp. to 33% with a cashless transaction that shifts a portion of its Hillhaven preferred stock holding into common shares. Tacoma, Wash.-based Hillhaven is a national operator of more than 400 nursing homes, retirement housing and institutional pharmacies. National Medical, a national operator of acute care hospitals, is selling its 61 psychiatric hospitals.
