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
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.
/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/
CO: Integrated Health Services, Inc.; Signature Home Care Group,
Inc. ST: Maryland IN: HEA SU: TNM TNM