PROSPECTUS SUPPLEMENT
(TO PROSPECTUS DATED JUNE 5, 1998)
[GRAPHIC OMITTED]
INTEGRATED HEALTH SERVICES, INC.
981,421 SHARES OF COMMON STOCK
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This document supplements the prospectus dated June 5, 1998 relating to
981,421 shares of our common stock. We are not selling any shares; the
shareholders named herein are offering their shares. This prospectus supplement
is incorporated by reference into the prospectus. All terms used in this
supplement shall have the meaning assigned to them in the prospectus.
OUR NEW YORK STOCK EXCHANGE TRADING SYMBOL -- IHS
CLOSING PRICE (MARCH 31, 1999): $5.50
Terry L. Cash, one of the selling stockholders named in the prospectus, has
transferred 30,000 shares to VSP Foundation, Inc. This supplement amends the
table on page 17 of the prospectus to:
(a) reduce the number of shares beneficially owned by, and being offered
by, Terry L. Cash to 292,420 (including 14,417 shares held in escrow); and
(b) add VSP Foundation, Inc. as a selling stockholder beneficially
owning, and offering hereby, 300,000 shares of common stock.
Mr. Cash is Chairman of the Board of Directors of VSP Foundation, Inc.
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SEE "RISK FACTORS," WHICH BEGINS ON PAGE 6 OF THE ACCOMPANYING PROSPECTUS,
FOR CERTAIN INFORMATION THAT SHOULD BE CONSIDERED BY PROSPECTIVE INVESTORS.
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Neither the Securities and Exchange Commission nor any state securities
commission has approved or disapprove these securities, or determined if this
prospectus is truthful or complete. Any representation to the contrary is a
criminal offense.
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THE DATE OF THIS PROSPECTUS SUPPLEMENT IS APRIL 1, 1999.
