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BALLY MANUFACTURING AND CONTINENTAL MEDICAL SYSTEMS ANNOUNCE AGREEMENT FOR PHYSICAL THERAPY CLINICS IN BALLY'S FITNESS CENTERS NATIONWIDE

BALLY MANUFACTURING AND CONTINENTAL MEDICAL SYSTEMS ANNOUNCE AGREEMENT
 FOR PHYSICAL THERAPY CLINICS IN BALLY'S FITNESS CENTERS NATIONWIDE
 CHICAGO, July 1 /PRNewswire/ -- Bally Manufacturing Corporation (Bally) (NYSE: BLY) and Continental Medical Systems, Inc. (CMS) (NYSE: CNM) announced today that CMS has signed an exclusive agreement with Bally's Health & Tennis Corporation, Chicago, to provide on-site physical therapy services in Bally's fitness centers. Under the terms of the agreement, CMS will be the only rehabilitation provider operating physical therapy centers in Bally's fitness centers, excluding those centers previously under contract to other providers.
 CMS will operate the physical therapy centers and lease the equipment on-site at each Bally's center. Plans call for a minimum of eight centers to be developed within one year. The centers will be placed in existing facilities nationwide and may be included in the design of new Bally's facilities.
 A subsidiary of Bally Manufacturing Corporation, Bally's Health & Tennis Corporation is the nation's leading operator of fitness centers with over 300 facilities in the United States and Canada. Its fitness centers are operated under various names, including Holiday Health, Jack LaLanne, Scandinavian, President's First Lady, Chicago Health Clubs, Vic Tanny and The Vertical Club, Holiday Spa, Holiday Fitness Centers and U.S. Swim & Fitness, and are located in major metropolitan markets including Los Angeles, New York, Chicago, Washington D.C., Philadelphia, Houston, Dallas, Minneapolis, Detroit, Miami, Atlanta, Seattle, Phoenix and Denver.
 CMS is the nation's leading provider of comprehensive medical rehabilitation services with annualized net operating revenues currently exceeding $700 million. CMS operates 140 inpatient and outpatient rehabilitation facilities in 26 states, including among others 27 rehabilitation hospitals and 96 outpatient centers. In addition, CMS' Contract Services Group provides physical, occupational, respiratory and speech therapy and physician/locum tenens services in all 50 states. CMS recently increased its presence in the industry with the opening of eight inpatient medical rehabilitation hospitals since the beginning of fiscal year 1992. Currently, CMS has eight freestanding medical rehabilitation hospitals under construction.
 Bally Manufacturing is one of the world's foremost operators of casino hotels and fitness centers. Bally is the parent company to subsidiaries primarily in the management and operation of health and fitness, casino hotel and slot and gaming equipment industries. This includes Bally's Health & Tennis, the nation's largest operator of fitness centers; Bally's Park Place and Bally's Grand Casino Hotels in Atlantic City and Bally's Las Vegas Casino Resort, and Bally Gaming International, a manufacturer/distributor of gaming and video lottery machines.
 -0- 7/1/92
 /CONTACT: Michael W. Kempner or Nina Girgis of MWW/Strategic Communications, 201-342-9500, for Bally Manufacturing; or Anthony F. Misitano, 717-790-8347, or Roger A. Breed, 717-790-8433, both for Continental Medical Systems/
 (BLY CNM) CO: Bally Manufacturing Corporation; Continental Medical Systems ST: Illinois IN: HEA SU:


SH -- NY021 -- 5533 07/01/92 09:29 EDT
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Publication:PR Newswire
Date:Jul 1, 1992
Words:467
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