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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