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INTEGRATED HEALTH SERVICES COMPLETES $100 MILLION BANK FACILITY

 HUNT VALLEY, Md., May 24 /PRNewswire/ -- Integrated Health Services, Inc. (IHS) (NASDAQ: IHSI) today announced it has closed a $100 million revolving credit facility provided by Citicorp USA, as agent, and six other banks. These banks include the Bank of Nova Scotia, Signet Bank/Maryland, Creditanstalt-Bankverein, CoreStates Bank, First Union National Bank of North Carolina, and NationsBank of Tennessee.
 This expanded credit facility replaces a $50 million revolving credit loan and will mature in April 2000. The $100 million will be used to finance the company's working capital requirements, to make acquisitions, and for general corporate purposes.
 "This credit facility reflects the financial community's confidence in IHS and our Medical Specialty Unity (MSU) model for providing subacute care," said Robert N. Elkins, chairman, president and chief executive officer. "We are pleased to consummate this attractive financial arrangement which will enable us to take advantage of growth opportunities that develop in the next few years."
 IHS is the leading national provider of subacute care, a healthcare approach increasingly recognized by insurers and industry experts as an effective solution to rising hospital costs. The company's medical specialty unit program provides a wide range of subacute stage medical and rehabilitative services traditionally given in a hospital. Patients who are medically stable, but require sophisticated monitoring and therapy, receive specialized care such as ventilator therapy, wound management and post-operative care at savings of approximately 50 percent compared to traditional acute-care hospitals. The MSU setting offers a high level of patient care in a less institutionalized environment more conducive to recovery.
 IHS currently operates 65 facilities nationwide with more than 8,500 beds, including a 676 bed network of MSU beds in 35 specialized units.
 -0- 5/24/93
 /CONTACT: Robert N. Elkins, M.D., chairman, CEO & president, or Marc B. Levin, senior vice president of Integrated Health Services, Inc., 410-584-7050; or Susan A. Noonan of Noonan/Russo Communications, Inc., 212-979-9180, for Integrated Health Services, Inc./
 (IHSI)


CO: Integrated Health Services, Inc. ST: Maryland IN: HEA SU:

TS-LR -- NY017 -- 1550 05/24/93 09:09 EDT
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Publication:PR Newswire
Date:May 24, 1993
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