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IN HOME HEALTH EXPANDS ITS FINANCIAL MANAGEMENT TEAM; MICHAEL J. KENNEDY NAMED VICE PRESIDENT-TREASURER AND THOMAS R. GROSS, VICE PRESIDENT-CONTROLLER

 MINNETONKA, Minn., Sept. 16 /PRNewswire/ -- In Home Health, Inc. (NASDAQ: IHHI) is reorganizing and expanding its financial-management group, and has placed Michael J. Kennedy in the new position of vice president-treasurer, according to Judy M. Figge, president and chief executive officer. Kennedy, previously vice president-controller, will supervise the reorganization process. Thomas R. Gross, formerly of Honeywell, Inc., was appointed vice president-controller.
 "As a result of In Home Health's growth to a $100 million company with over 8,000 shareholders, and the company's need to finance its continuing development, it is necessary that we restructure and enlarge our financial-management organization," Figge said.
 "To oversee this process, we have created the position of vice president-treasurer and named a most experienced financial executive to fill the post -- Mike Kennedy. His primary functions will be to obtain additional capital from outside sources, as needed, to finance the continued growth of our health care operations and to manage our cash resources. In addition, as a publicly owned company, we recognize that a major responsibility to our shareholder constituency includes communicating with and responding to their needs; Mike will assume this investor relations function. He also will oversee the finalization of the installation and implementation of our new accounting software, which he initiated," Figge said.
 Prior to joining In Home Health in November 1989, Kennedy was with Deloitte Haskins & Sells for 11 years, where he specialized in accounting and auditing services, acquisition and divestiture transactions, accounting-controls analysis and reporting regulations of the Securities and Exchange Commission. He has an MBA from the College of St. Thomas and is a graduate of Hamline University, both of St. Paul, Minn.
 Effective Sept. 16, Thomas Gross will replace Kennedy as vice president-controller. Gross was with Honeywell for 15 years in a variety of accounting and financial-management positions, most recently as the controller and director of administration for Honeywell's Systems and Research Center and its Solid-State Electronics Center. He is a graduate of Gustavus Adolphus College and holds an MBA from the University of Minnesota.
 In Home Health provides quality comprehensive health care services to clients of all ages in their own homes through a network of 37 offices in 16 of the nation's top 50 markets, including: Chicago, Cincinnati, Dallas, Denver, Detroit, Houston, Kansas City, Los Angeles, Minneapolis/St. Paul, Norfolk, Pittsburgh, Phoenix, Raleigh/Durham, St. Louis, San Francisco, and Seattle.
 Home health care is one of the fastest growing and most cost- effective segments of the U.S. health care industry, currently estimated at $16 billion annually and expected to grow to $36 billion in the mid-1990s.
 -0- 9/16/93
 /CONTACT: Judy M. Figge, president and CEO of In Home Health, Inc., 612-449-7500/
 (IHHI)


CO: In Home Health, Inc. ST: Minnesota IN: HEA SU: PER

KE -- DE017 -- 2687 09/16/93 12:43 EDT
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Publication:PR Newswire
Date:Sep 16, 1993
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