Integrated Health lands Prudential contract


March 19, 1998

Prudential Insurance Co.'s health care unit has picked Integrated Health Services Inc. to provide specialized services to patients under a one-year contract, a selection that Owings Mills-based Integrated Health called a "validation" of its strategy.

Integrated Health was one of four "preferred vendors" chosen by the giant Newark, N.J.-based company. The other companies were Genesis Healthcare, Olsten Corp.'s health care unit and Coram Healthcare Corp. In April, Integrated Health backed out of a deal to acquire Coram for $559 million.

Integrated Health will offer Prudential patients care in long-term health care facilities nationwide.

It also will offer home-based nursing and other services, such as subacute and home-based care.

Marc B. Levin, executive vice president, said yesterday that Integrated hasn't determined the value of the contract.

In all, Prudential HealthCare has about 5 million managed-care members.

Prudential said it chose Integrated because of the company's geographic reach and range of services.

Pub Date: 3/19/98

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