Contact: Phyllis Goodman (media)
Marjorie Goldstein (investors)
SUN HEALTHCARE GROUP RECEIVES REQUISITE CONSENTS
IN REGENCY CONSENT SOLICITATIONS
Albuquerque, N.M., Sept. 29, 1997 -- Sun Healthcare Group, Inc. (NYSE:SHG) has announced that Sunreg
Acquisition Corp., a wholly owned subsidiary of Sun Healthcare Group, Inc., in connection with its solicitation
(the "Consent Solicitation") for consents to amend the indentures pursuant to which Regency's
(i) $110 million principal amount of 9-7/8% Senior Subordinated Notes due 2002 (the "Senior Securities") and
(ii) $50 million principal amount of 12-1/4% Subordinated Notes due 2003 (the "Junior Securities," and, together
with the Senior Securities, the "Securities") were issued, as of 5 p.m., Eastern Standard Time, on Sept. 26, 1997,
had received duly executed and unrevoked consents to amend the indentures pursuant to which the Securities
were issued from holders of approximately 83% and 79% of the aggregate outstanding principal amount
(excluding any Securities owned by Regency or any affiliate of Regency and excluding the receipt of notices of
guaranteed delivery) of the Senior Securities and the Junior Securities, respectively.
Headquartered in Albuquerque, N.M., Sun Healthcare Group, Inc., is a diversified international long-term care
provider. Sun companies operate long-term care facilities and pharmacy services across the United States and in
the United Kingdom. Sun subsidiaries provide therapy services in the United States, fulfill the medical supply
needs of nursing homes, and offer a comprehensive array of ancillary services for the healthcare industry.
Except for historical information, all other matters in this press release are forward-looking statements that involve
risks and uncertainties including, but not limited to, those detailed from time to time in the company's SEC filings,
which include Sun's annual report on Form 10-K for the fiscal year ended Dec. 31, 1996.