Mariner Health Care, Atlanta, became a private company with the completion of its $1.05 billion merger with National Senior Care, Sparks, Md. Mariner, which emerged from bankruptcy in 2002, said merger costs would hurt its 2004 profits. Through the nine months ended Sept. 30, the company reported net income of $3.9 million on revenue of $1.2 billion, compared with net income of $7.2 million on revenue of $1.3 billion in the 2003 period. Mariner has 252 skilled-nursing centers, two assisted-living facilities and 12 long-term acute-care hospitals. The company said National Senior Care affiliates leased about 50 long-term-care facilities to third-party operators. -- by Joseph Mantone
Post-acute firm Mariner goes private in merger
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