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    Washington Post.com: Post 200 -- Beyond the Beltway: Top 30 MD Cos.

    Integrated Health Services Inc.
    list rank
    From the April 28, 1997, Washington Post


    '96 (in $ 000s) % Change From '95
    Revenue 1,435,523 21.6
    Net Income 59,669 7.0
    Rank Last Year: 7

    Description:
    Integrated Health Services operates health-care facilities for people who don't need full-service hospitals. It runs a network of post-acute medical and rehabilitative service centers at 1,000 locations in 47 states. These include nursing homes, home-health care, subacute care, inpatient and outpatient rehabilitation, respiratory therapy, hospices and diagnostic services.

    Business Resume:
    • Contact Info --
      10065 Red Run Blvd.
      Owings Mills, Md. 21117
      410-998-8400
    • Main Business --
      Health care
    • Founded --
      1986
    • Chairperson --
      Robert N. Elkins (CEO)
    • President --
      Lawrence P. Cirka
    • Employees --
      45,000
    Developments:
    The company's plans to merge with the troubled Coram Health Corp. of Denver came to a sudden halt earlier this month. The deal, which was announced in October, would have increased Integrated's revenue in the rapidly growing field more than tenfold and would have made it the second-largest home health-care provider.

    Integrated called off the $551.5 million stock swap after the two companies failed to agree on details of the transaction. Integrated is the nation's largest firm specializing in a broad range of after-hospital treatment. Coram specializes in providing intravenous services at home.

    Integrated Health acquired First American Health Care of Brunswick, Ga., the nation's largest privately held provider of home health-care services, for $154.1 million, as well as other facilities in Florida, North Carolina, Tennessee and Texas. To finance these purchases, Integrated Health sold its pharmacy division.

    Copyright 1997 The Washington Post

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