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INTEGRATED HEALTH SERVICES SUCCESSFULLY COMPLETES OFFERING OF 2,500,000 COMMON SHARES

 INTEGRATED HEALTH SERVICES SUCCESSFULLY COMPLETES OFFERING
 OF 2,500,000 COMMON SHARES
 HUNT VALLEY, Md., April 2 /PRNewswire/ -- Integrated Health Services, Inc. (NASDAQ: IHSI) announced today that it has commenced a public offering of 2,500,000 shares of common stock at a price of $19 per share.
 The underwriters were Smith Barney, Harris Upham & Co., Kidder, Peabody & Co. and J.P. Morgan Securities Inc.
 Integrated Health Services will use the proceeds of the offering to repay long-term debt and for general corporate purposes including working capital, financing the establishment of additional Medical Specialty Units (MSUs) in the company's existing facilities and for potential acquisitions.
 Integrated Health Services' strategy is to use geriatric care facilities as an alternative site to provide a wide range of medical and rehabilitative services which traditionally have been provided in the acute care hospital. The company provides specialized subacute care such as post-operative care, ventilator therapy and wound management through Medical Specialty Units located within its facilities. Integrated Health Services currently operates 44 geriatric care facilities and 19 MSUs with a combined total of over 5,900 beds.
 Copies of the final prospectus relating to these securities may be obtained by contacting Smith Barney, Harris Upham & Co. Incorporated, 1345 Avenue of the Americas, New York, NY 10105.
 -0- 4/2/92
 /CONTACT: Robert N. Elkins, 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 Services/
 (IHSI) CO: Integrated Health Services, Inc. ST: Maryland IN: HEA SU: OFR


GK-OS -- NY032 -- 4334 04/02/92 11:25 EST
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Publication:PR Newswire
Date:Apr 2, 1992
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