ATLANTA, Nov. 30 /PRNewswire-FirstCall/ -- Mariner Health Care, Inc. (“Mariner”) (BULLETIN BOARD: MHCA) announced today that its shareholders approved Mariner’s proposed merger with NCARE Acquisition Corp. (“NCARE”), a wholly owned subsidiary of National Senior Care, Inc. (“NSC”). Under the terms of the merger, Mariner shareholders will receive $30.00 for each share of Mariner common stock they own. Mariner and NSC continue to work towards the satisfaction of the various conditions precedent to the consummation of the merger prior to the December 31, 2004 deadline set forth in the Agreement and Plan of Merger by and among Mariner, NCARE and NSC. At the Mariner Annual Meeting, shareholders also amended Mariner’s Bylaws to set the size of the Board of Directors at a minimum of five and a maximum of nine directors and elected Victor L. Lund, C. Christian Winkle, Philip L. Maslowe, Mohsin Meghji and Earl P. Holland as directors.
Mariner is headquartered in Atlanta, Georgia and certain of its subsidiaries and affiliates own and/or operate approximately 252 skilled nursing and two assisted living facilities as well as 12 long-term acute care hospitals representing approximately 32,000 beds across the country.
Contact: Mariner Health Care, Inc.
Boyd Gentry Senior Vice President and Treasurer 678-443-6872
Mariner Health Care, Inc.
CONTACT: Boyd Gentry, Senior Vice President and Treasurer of MarinerHealth Care, Inc., +1-678-443-6872
Web site: http://www.marinerhealthcare.com/