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INTEGRATED HEALTH SERVICES TO BEGIN TRADING ON NEW YORK STOCK EXCHANGE

 OWINGS MILLS, Md., Sept. 24 /PRNewswire/ -- Integrated Health Services, Inc. (IHS) (NASDAQ: IHSI) today announced that the company will commence trading its common stock on the New York Stock Exchange (NYSE) effective Monday, Sept. 27. The new ticker symbol will be "IHS".
 "We are pleased to create continued shareholder value by accessing more liquid markets for IHS securities, via a listing on the NYSE," said Dr. Robert N. Elkins, chairman and chief executive officer of IHS. "The NYSE will provide a broader market for company shares by increasing IHS' visibility to investors, security analysts and the press. It will also help IHS achieve greater international recognition by enhancing accessibility to the global capital markets."
 IHS is the leading national provider of subacute care, a health care approach increasingly recognized by insurers and industry experts as an effective solution to rising hospital costs. The company's Medical Specialty Unit (MSU) program provides a wide range of subacute stage medical and rehabilitative services traditionally given in a 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 at a savings of approximately 30 to 60 percent compared to traditional acute care hospitals. The MSU setting offers a high level of patient care in a less institutionalized environment more conducive to recovery. IHS currently operates 67 facilities nationwide with more than 8,700 beds, including an 837-bed network of MSU beds in specialized units.
 -0- 9/24/93
 /CONTACT: Marc B. Levin, senior vice president of IHS, 410-998-8400, or Susan A. Noonan of Noonan/Russo Communications, Inc., 212-696-4455/
 (IHSI)


CO: Integrated Health Services, Inc. ST: Maryland IN: HEA SU:

GK-LG -- NY018 -- 5303 09/24/93 08:51 EDT
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Publication:PR Newswire
Date:Sep 24, 1993
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