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Integrated Health Services Acquires Signature Home Care

OWINGS MILLS, Md., Oct. 8 /PRNewswire/ — Integrated Health

Services, Inc. (NYSE NYSE

See: New York Stock Exchange : IHS IHS

(I.H.S.) first three letters of Greek spelling of Jesus; also taken as acronym of Iesus Hominum Salvator ‘Jesus, Savior of Mankind.’ [Christian Symbolism: Brewer Dictionary, 480]

See : Christ


IHS ) announced that it has acquired Signature Home

Care Group, Inc. headquartered in Irving, Texas. Terms of the

acquisition were not disclosed.

With annualized revenues of over $60 million, Signature Home Care

is a full service home health care company with 22 branch locations in

five states. The Company offers home nursing services, infusion

services, respiratory therapy and home medical equipment in Arizona,

Florida, Kansas, New Jersey and Texas. Signature also has contracts to

provide management services to home health providers.

“We are very excited to add a quality full service home

health provider like Signature to our growing post-acute network and our

growing home health division,” said Robert N. Elkins, M.D., IHS

Chairman and Chief Executive Officer. “Home health care is a

significant component of the Company’s strategy in developing our

networks and reducing a patient’s costs throughout an episode of

care. We intend to continue our growth in home health and continue

increasing our contracts with managed care payors.”

Including the acquisition of Signature Home Care, in the last few

months IHS has completed acquisitions of home health care and hospice

companies with revenues in excess of $110 million. The Company’s

annualized home health revenues prior to these acquisitions was

$115-$130 million.

Integrated Health Services is a highly diversified health

services provider, offering a broad spectrum of post-acute medical and

rehabilitative services through its nationwide healthcare network.

IHS’s post-acute services include subacute care, home health care,

inpatient and outpatient rehabilitation, respiratory therapy, hospice

care, and diagnostic services. Supporting the full continuum of health

care needs, IHS currently operates over 600 post-acute service locations

in 40 states throughout the U.S.

SOURCE Integrated Health Services, Inc.

-0- 10/08/96

/NOTE TO EDITORS: Available on Internet: http://www.ihs-inc.com

/

/CONTACT: Robert N. Elkins, M.D., Chairman & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , or Marc B.

Levin, Executive Vice President, of Integrated Health Services,

410-998-8400; or Anthony J. Russo, Ph.D. of Noonan/Russo Communications,

Inc., 212-696-4455, ext. 202/

(IHS)

CO: Integrated Health Services, Inc.; Signature Home Care Group,

Inc. ST: Maryland IN: HEA SU: TNM TNM

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