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) September 9, 1997
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INTEGRATED HEALTH SERVICES, INC.
(Exact Name of Registrant as Specified in its Charter)
Delaware 1-12306 23-2428312
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
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)
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ITEM 5. OTHER EVENTS
On September 9, 1997, 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 September 9, 1997.
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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: September 9, 1997 By: /s/ W. Bradley Bennett
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Name: W. Bradley Bennett
Title: Executive Vice President--Chief
Accounting Officer
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Exhibit 99
FOR IMMEDIATE RELEASE:
Contact: Robert N. Elkins, M.D.
Chairman & CEO
Marc B. Levin
Executive Vice President
Integrated Health Services, Inc.
(410) 998-8400
Available on the Internet: http://www.ihs-inc.com
INTEGRATED HEALTH SERVICES ANNOUNCES FINANCING
Owings Mills, MD, September 9, 1997 - Integrated Health Services, Inc. (NYSE:
IHS) today announced that it has entered into an agreement to issue privately
$500,000,000 aggregate principal amount of its 9.25% senior subordinated notes
due 2008. The issuance of the notes, which is subject to certain customary
closing conditions, is expected to occur on September 11, 1997. Proceeds of the
offering will be used to repay outstanding indebtedness under the Company's
credit facility and for general corporate purposes.
The notes have not been registered under the Securities Act of 1933, as amended,
and 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.
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
home nursing services, home infusion services, subacute care, inpatient and
outpatient rehabilitation, respiratory therapy, hospice care, and diagnostic
services. Supporting the full continuum of healthcare needs, IHS currently
operates over 1,000 post-acute service locations in 45 states throughout the
U.S.
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