Paul Hastings Advises Newly Formed Centennial Healthcare Properties, LLC As Part Of The $133 Million Acquisition Of Assets From Centennial Healthcare Corporation

August 12, 2004

Atlanta (August 12, 2004) - Paul, Hastings, Janofsky & Walker (Paul Hastings), a leading international law firm, is pleased to announce today that the firm advised Centennial HealthCare Properties, LLC (Centennial Properties) in connection with its and certain affiliates' roles in a $133 million acquisition of skilled nursing facilities from Centennial HealthCare Corporation, the transaction which permitted Centennial HealthCare Corporation (Centennial HealthCare) and its debtor affiliates to emerge from Chapter 11 bankruptcy proceedings which began in December 2002.