Grancare, Inc.

GranCare Inc provides a comprehensive array of medical and rehabilitative services through its 136 skilled nursing care facilities and 23 institutional pharmacies. It also provides services to patients receiving home health care and in third-party health care facilities. The nursing care is over 24 hours and includes diabetic, urological, orthotic, prosthetic and related laboratory services. The company's operations comprise of 10,600 beds located in California, Michigan, Winsconsin, Colorado, Arizona, South Dakota, New Jersey, Virginia, North Carolina and South Carolina. In July 1995 the company acquired Evergreen Healthcare, Inc. Skilled nursing accounted for 72% of 1995 revenues; pharmacy, 23%; contract management, 4% and home health services, 1%.