Pursuant to Rules 424(b)(3) and 424(c)
Registration No. 333-15329
PROSPECTUS SUPPLEMENT
To Prospectus dated November 19, 1996
STERLING HOUSE CORPORATION
Sterling House Corporation (the "Company") has prepared this Prospectus
Supplement to update certain information included in the Company's Prospectus
dated November 19, 1996 relating to the Company's $35,000,000 aggregate
principal amount of Convertible Subordinated Debentures due 2006
(the "Debentures"), issued in a private placement on May 17, 1996 (the
"Debenture Offering") and the 1,561,106 shares of common stock, no par value,
of the Company that are issuable upon conversion of the Debentures, subject
to adjustment under certain circumstances.
The table set forth on Page 17 of the Prospectus, under the caption "SELLING
DEBENTUREHOLDERS," is hereby supplemented as follows:
Principal Amount Principal Amount Percent of
of Debentures of Debentures Outstanding
Name Beneficially Owned That May be Sold Debentures
Bank of New York $4,540,000 $4,540,000 12.97%
Bankers Trust Company 3,500,000 3,500,000 10.00%
Boston Safe Deposit & Trust Co. 960,000 960,000 2.74%
Brown Brothers Harriman & Co. 1,400,000 1,400,000 4.00%
Chase Manhattan Bank 830,000 830,000 2.37%
Citicorp Services, Inc. 1,400,000 1,400,000 4.00%
Commerce Bank of Kansas City,N.A. 250,000 250,000 *
Custodial Trust Company 1,720,000 1,720,000 4.91%
Goldman, Sachs & Co. 750,000 750,000 2.14%
Investors Bank & Trust 3,000,000 3,000,000 8.57%
Lehman Brothers, Inc. 300,000 300,000 *
Michael W. Meyer 50,000 50,000 *
Morgan Stanley Trust Company 1,250,000 1,250,000 3.57%
NatWest Securities 2,795,000 2,795,000 7.99%
Corporation #2
James J. O'Donnell 50,000 50,000 *
Nicholas K. Pontikes, Trustee 100,000 100,000 *
U/A Dtd. 08/24/95
Pontikes Investments Tr.
Prudential Securities Incorporated 200,000 200,000 *
Raymond James & Associates, Inc. 405,000 405,000 1.16%
Republic New York Securities Corp. 200,000 200,000 *
Sanwa Bank California 990,000 990,000 2.83%
Elizabeth Scofield 50,000 50,000 *
Nanette Scofield 50,000 50,000 *
Nanette Scofield & Elizabeth 50,000 50,000 *
Scofield, Trustees
U/A Dtd. 06/28/77
Anthony L. Scofield Trust
SSB-Custodian 6,000,000 6,000,000 17.14%
Quincy Securities Processing
Strategic Restructuring
Partnership, L.P. 200,000 200,000 *
Swiss American Securities, Inc. 1,290,000 1,290,000 3.69%
Edith G. Tanenbaum 50,000 50,000 *
Thermo Securities Corporation 100,000 100,000 *
Andrew L. Turner, Trustee 450,000 450,000 1.29%
U/A 06/14/94
UMB Bank, N.A. 2,000,000 2,000,000 5.71%
Martin Walsh 50,000 50,000 *
Wilmington Trust Co. 20,000 20,000 *
*Represents less than 1% ownership.
The date of this Prospectus Supplement is March 19, 1997.
