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Regency Health Systems Inc

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BUSINESS
April 14, 1995
An investment group affiliated with Smith Management Co. sold about 1 million shares in Regency Health Systems Inc., cutting its stake in the operator of health-care facilities from 23% to 16.9%, or 2.76 million shares. G.L. Massimino, the Tustin company's chief financial officer, said he was not sure why the Smith group decided to dump its Regency holdings, but said it could have been a move to take its profits. Smith bought Regency stock last summer when it was trading at about $8 a share.
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BUSINESS
July 29, 1997 | BARBARA MARSH, TIMES STAFF WRITER
Nursing home operator Regency Health Services Inc. is being acquired by a New Mexico company twice its size for $369 million in cash, or $22 a share, the companies announced Monday. Sun Healthcare Group Inc., based in Albuquerque, will also assume about $220 million of Regency's debt. The proposed buyout, approved by the companies' boards, is the latest of several deals this year in the rapidly consolidating nursing home industry. Richard K.
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BUSINESS
July 29, 1997 | BARBARA MARSH, TIMES STAFF WRITER
Nursing home operator Regency Health Services Inc. is being acquired by a New Mexico company twice its size for $369 million in cash, or $22 a share, the companies announced Monday. Sun Healthcare Group Inc., based in Albuquerque, will also assume about $220 million of Regency's debt. The proposed buyout, approved by the companies' boards, is the latest of several deals this year in the rapidly consolidating nursing home industry. Richard K.
BUSINESS
April 14, 1995
An investment group affiliated with Smith Management Co. sold about 1 million shares in Regency Health Systems Inc., cutting its stake in the operator of health-care facilities from 23% to 16.9%, or 2.76 million shares. G.L. Massimino, the Tustin company's chief financial officer, said he was not sure why the Smith group decided to dump its Regency holdings, but said it could have been a move to take its profits. Smith bought Regency stock last summer when it was trading at about $8 a share.
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