LETTER OF INTENT - DOC 3

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					                  T. MORTON HEALTH CARE INVESTMENTS


          Since 1979 GeraCare, Formed by Thomas M. Latreille and its affiliate, T. MORTON HEALTH CARE
INVESTMENTS has worked exclusively with various investments groups to acquire over 100 health care facilities
in several states. These investors are represented by Certified Commercial Investment Managers. Working closely
with the investment managers, TMHCI locates facilities that have investment potential; conducts preliminary
studies; negotiates offers; and appoints qualified lessees to operate each facility. In other words, GHC prepares each
transaction for our investment groups. In some cases, TMHCI has become a minor investor.

          What follows is a list of acquisitions made since 1979. It should be noted that the purchase dollars
indicated are based on the original acquisition price. For example, Country Villa Convalescent Hospital in
California was purchased for $18,000 per bed in 1984. Today, its market value would be well over $60,000.00.

Arizona

Mountain View                          Safford                      120 beds                      1,150,000
Hayden Manor                           Scottsdale                    39 beds                        660,000
Rainbow Lodge                          Phoenix                       24 units                       550,000
Leewood Care Ctr.                      Tucson                        84 beds                      2,064,000
Glen Ridge                             Glendale                     135 beds                      2,500,000
Santa Rosa Conv                        Tucson                       144 beds                      2,700,000
Kingman                                Kingman                      120 beds                      2,285,000
Encanto Palms                          Phoenix                      100 beds                      2,100,000
Manzanita Manor                        Payson                       124 beds                      2,750,000
Arizona Wm Wesley                      Tucson                       108 beds                        Lease
Apache Junction Ctr.                   Apache Junct                 120 beds                      4,500,000
Chula Vista Care                       Mesa                         100 beds                      3,550,000

Alabama

Reform Nursing                         Pickins                       85 beds                      1,750,000
Tuskeegee Nursing                      Tuskeegee                    142 beds                      2,850,000

California

Crestview Conv                         Petaluma                      90 beds                      2,400,000
Redwood Nursing                        Napa                          59 beds                        Lease
Tarzana Conv           Tarzana          192 beds    3,910,000
Chandler Conv          Glendale         106 beds    2,120,000
Chandler Terrace       La Verne          80 beds    1,600,000
Antelope Valley Ctrs   Lancaster        498 beds   19,850,000
Westview Nursing       Fresno           199 beds    4,200,000
Country Villa          Santa Ana        146 beds    2,639,000
Vista Ray Nursing      Lodi             154 beds    4,100,000
Novato Convalescent    Novato           187 beds    4,200,000
College Vista          Eagle Rock        49 beds      705,000
Wagner Hgts Conv       Stockton         152 beds    5,170,000
Wagner Hgts Res.       Stockton          70 beds    2,380,000
Tri-Way Care Ctr.      Santa Cruz       212 beds    4,800,000
Park Imperial          Lawndale          59 beds    2,650,000
Prather Memorial       Alameda          151 beds    4,650,000
Bethany Conv           San Jose         199 beds    4,780,000
Country Hills          El Cajon         305 beds    8,540,000
Bethesda Conv          Los Gatos        123 beds    2,658,000
Franciscan Manor       Lompoc           130 beds    4,100,000
Astoria Conv Hosp      Sylmar           216 beds    7,035,000
Cypress Acres          Paradise         136 beds    4,100,000
Village Manor          Westminster      110 beds      Lease
Villa De Anza          Riverside        122 beds      Lease
Barstow Ret. Ctr.      Barstow           42 beds    1,500,000
Lawndale Care Ctr.     Lawndale          59 beds    3,500.000

Florida

Deluxe Care Inn        St. Petersburg    56 beds    1,750,000
Padgett Nursing        Tampa            100 beds    2,550,000
The Homestead          Largo            142 beds    8,065,000
Hanna Oaks             Tampa            151 beds    5,500,000

Georgia

Augusta Care Ctr.      Augusta          210 beds    4,500,000
Conners Nursing        Glenwood          62 beds    1,395,000
Autumn Breeze          Marietta         109 beds    2,453,000
Laurens Conv           Dublin           130 beds    2,925,000
Oak Valley Nursing     Macon            130 beds    2,925,000
Park Haven Ctr.        College Park     100 beds    2,250,000
Idaho and Iowa

Homedale Nursing      Homedale        38 beds     570,000
Skyview Nursing       Twin Falls     164 beds   3,280,000
Valley Plaza          Nampa           80 beds   1,700,000
Meadow Lane Nurs      Davenport       65 beds     910,000

Illinois

Three Oaks Nursing    Lexington       49 beds     770,000
Hallmark Nursing      Perkins         71 beds   1,115,000
Greenville Nursing    Greenville     100 beds   1,500,000
Heritage Care Ctr.    Hudsonville     48 beds     850,000
Heritage Res Care     Paris           49 beds     770,000
Marks Manor           Effington      118 beds   1,800,000
Friendship Manor      Carlinville     49 beds     610,000
Parks Nursing         Auburn          70 beds     925,000
Meline Nursing        Jacksonville   134 beds   1,650,000

Kansas

Southview Nursing     Phillipsburg   100 beds   1,700,000
Pinecrest Nursing     Humboldt        59 beds     685,000
Kaw Valley Care       Bonner Spgs    108 beds   1,750,000
Bonner Nursing        Bonner Spgs     50 beds     550,000

Louisiana

The Retirement Ctr.   Baton Rouge    136 beds   5,200,000
Houma Nursing Ctr.    Houma          142 beds   4,500,000

Missouri

Restwell Care         Columbia       103 beds    Lease
Northills Ctr.        Kansas City    340 beds    Lease
Hillview Manor        Anderson        37 beds    478,000
Montana

The New Frontier      Livingston      82 beds   1,450,000
Nebraska

Northills Ctrs       Omaha           364 beds      Lease
Scottsbluff Villa    Scottsbluff     150 beds    2,400,000
Broken Bow Nursing   Broken Bow      131 beds    1,325,000
Sargent Nursing      Sargent          52 beds      500,000

Nevada

Valley Meadows       Gardnerville    120 beds    4,650,000

North Carolina

Open Arms Center     Raeford          60 beds    1,200,000
Durham Care Ctr.     Durham          100 beds    4,100,000

Oklahoma

Plantation Manor     Atoka            85 beds    1,150,000
Honor Hghts Ctr.     Muskeegee       100 beds    1,633,750

Tennessee

Middle Tenn Nurs     McMinville      161 beds    4,650,000
Eastlane Care Ctr.   Nashville       154 beds    4,419,000

Texas

Alto Nursing         Alto             90 beds    2,225,000
Fireside Manor       Dallas           92 beds      997,850
Roberts Nursing      Morton           46 beds      230,000
Amhurst Nursing      Amhurst          46 beds      230,000
Safford Asst Lvg     Stafford        108 beds    4,087,000
Pineland Nursing     Pineland         90 beds    1,637,000
San Augustine Ctr.   San Augustine    70 beds    1,274,000
Columbia Nursing     Abilene          90 beds    1,440,000
Columbia Nursing     San Antonio      90 beds    1,440,000
Columbia Nursing     Denton           90 beds    1,440,000
San Jacinto Bank     8 Home Chain    900 beds   10,750,000
Lewisville Nursing                  Lewisville                    90 beds   2,000,000
Jackson Sq Nursing                  Fort Worth                    53 beds     950,000
Elkhardt Manor                      Elkhart                      102 beds   1,864,000
Dumas Nursing                       Dumas                        120 beds   1,935,000
Heresford Nursing                   Heresford                    120 beds   1,935,000
Beaumont Nursing                    Denton                        49 beds   1,500,000


T. MORTON HEALTH CARE INVESTMENTS, Specializing in
Skilled Nursing Facilities, Adult Day Care and Assisted Living Centers.


For G. Latreille, Web-Site UNDER CONSTUCTION. (Drew R. Conroy)

				
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