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DIVERSIFIED HEALTH SERVICES JOINS VOLUNTARY HOSPITALS OF AMERICA LONG TERM CARE

 DIVERSIFIED HEALTH SERVICES JOINS
 VOLUNTARY HOSPITALS OF AMERICA LONG TERM CARE
 PLYMOUTH MEETING, Pa., Jan. 8 /PRNewswire/ -- Diversified Health Services (DHS), a Plymouth Meeting nursing home management firm, has become an affiliate of Voluntary Hospitals of America (VHA) Long Term Care in Memphis, Tenn.
 VHA Long Term Care is the exclusive licensee to provide long-term care services to the 860 hospitals in the Voluntary Hospitals of America alliance.
 In the agreement, Crozer-Keystone Health System exchanged all of its privately held, for-profit stock in DHS for a minority equity in VHA Long Term Care. The equity position will ultimately be determined by the operating performance of DHS over the next five years.
 The affiliation will enable the two full-service management firms, which will continue to operate independently, to expand their service delivery areas and product lines. The expertise of each firm -- DHS specializes in the management of hospital-based and government-owned skilled nursing facilities and VHA in the development of new nursing facilities -- will be available to all clients of both firms.
 -0- 1/8/91
 /CONTACT: Joe B. Hoban of Diversified Health Services, 215-825-5311/ CO: Diversified Health Services; Voluntary Hospitals of America (VHA)
 Long Term Care ST: Pennsylvania, Tennessee IN: HEA SU:


MK-CC -- PH019 -- 7824 01/08/92 13:11 EST
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Publication:PR Newswire
Date:Jan 8, 1992
Words:210
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