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INTEGRATED HEALTH SERVICES COMPLETES $50 MILLION BANK FACILITY

 INTEGRATED HEALTH SERVICES COMPLETES $50 MILLION BANK FACILITY
 HUNT VALLEY, Md., Oct. 22 /PRNewswire/ -- Integrated Heatlh Services, Inc. (NASDQ: IHSI) today announced it has closed a $50 million revolving credit facility provided by Citicorp and Signet Bank. This is the first phase of an expanded credit facility which will be used to finance working capital needs, to make acquisitions, to repay debt and for general corporate purposes.
 "This credit facility reflects Citicorp's and Signet's confidence in IHS and our Medical Specialty Unit (MSU) model for providing subacute care," said Robert N. Elkins, chairman, president and chief executive officer. "We are pleased to receive this attractive financing arrangement which will enable us to take advantage of growth opportunities that develop in the next few years."
 IHS uses geriatric care facilities as a platform for the company's Medical Specialty Unit program which provides a wide range of subacute stage medical and rehabilitative services traditionally given in an acute care 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. The MSU setting is both cost effective and less institutional. IHS currently operates 55 geriatric care facilities nationwide with more than 7,200 beds including a 501 bed national network of MSU beds in 26 specialized units.
 -0- 10/22/92
 /CONTACT: Robert N. Elkins, MD, chairman, CEO and president of Integrated Health Services, 410-584-7050, or Susan A. Noonan of Noonan/Russo Communications, 212-979-9180, for Integrated Health/
 (IHSI) CO: Integrated Health Services, Inc. ST: Maryland IN: HEA SU: FNC


KD-SB -- NY037 -- 3388 10/22/92 09:54 EDT
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Publication:PR Newswire
Date:Oct 22, 1992
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