<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
__________________________________
FORM 8-K
__________________________________
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) May 24, 1996
INTEGRATED HEALTH SERVICES, INC.
_____________________________________________________________
(Exact Name of Registrant as Specified in Charter)
Delaware 1-12306 23-2428312
__________ _________ _____________
(State or Other (Commission (IRS Employer
Jurisdiction of File Number) Identification No.)
Incorporation)
10065 Red Run Boulevard, Owings Mills, Maryland 21117
________________________________________________ _____
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (410) 998-8400
Not Applicable
______________________________________________________________
(Former Name or Former Address, if Changed Since last Report)
<PAGE>
Item 5. Other Events
On May 24, 1996, Integrated Health Services, Inc. issued the press
release filed herewith as Exhibit 99.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits.
99. Press Release dated May 24, 1996.
-2-
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
INTEGRATED HEALTH SERVICES, INC.
Date: May 24, 1996 By: /s/ Marc B. Levin
____________________________
Name: Marc B. Levin
Title: Executive Vice President
-3-
<PAGE>
FOR IMMEDIATE RELEASE;
_____________________
Contact: Robert N. Elkins, M.D.
Chairman & CE0
Marc B. Levin
Executive Vice President
Integrated Health Service, Inc.
(410) 998-8400
Anthony J. Russo, Ph.D., Ext. 202
Noonan/Russo Communications, Inc.
(212) 696-4455
INTEGRATED HEALTH SERVICES ANNOUNCES FINANCING
Owings Mills, MD, May 24, 1996 - Integrated Health Services, Inc. (NYSE: IHS)
today announced that it has entered into an agreement to issue privately
$150,000,000 aggregate principal amount of its 10.25% senior subordinated notes
due 2006. The issuance of the notes, which is subject to certain customary
closing conditions, is expected to occur on May 29, 1996. Proceeds of the
offering will be used to repay outstanding indebtedness.
The notes will not be registered under the Securities Act of 1933, as amended,
any may not be offered and sold in the United States absent registration of the
notes under such Act or an applicable exemption from registration.
This press release shall not constitute an offer to sell or the solicitation of
an offer to buy the notes nor shall there be any sale of these securities in any
state in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state.
