Select Medical And Dignity Health Form Joint Venture To Build Acute Inpatient Rehabilitation Hospital In Las Vegas Area
Select Medical Corporation, a wholly-owned subsidiary of Select Medical Holdings Corporation (NYSE: SEM), today announced a joint venture agreement with Dignity Health to construct and operate a 60-bed acute inpatient rehabilitation hospital in the greater Las Vegas metro area. The new hospital, expected to open in 2018, will be built directly adjacent to the existing St. Rose Dominican Siena Campus, the largest hospital in Henderson, Nevada. Select Medical is the majority owner in the joint venture and will manage operations of the new hospital. The agreement also includes joint operation of 12 outpatient rehabilitation clinics in the Las Vegas market, including 11 existing Select Medical locations and one Dignity Health center.
Nationally, Select Medical operates 20 inpatient rehabilitation hospitals and more than 100 hospitals specializing in long-term acute care, as well as approximately 1,600 outpatient rehabilitation centers and more than 300 occupational medicine centers through its Concentra subsidiary.
“We are thrilled to partner with Dignity Health to provide an exceptional patient care experience for those needing physical and cognitive functional recovery throughout the region,” said Select Medical Inpatient Rehabilitation Hospital Division President Jeffrey Ruskan. “Our clinical leadership and outcomes in rehabilitation combined with Dignity Health’s reputation of providing outstanding system-wide care is a powerful partnership. Together, we will deliver top-notch inpatient and outpatient rehabilitation services for patients as they strive to restore strength and independence in activities of daily living.”
The Select Medical partnership enables St. Rose to grow its diverse package of health services to include care for patients who have experienced a stroke, brain injury, spinal cord injury, neurological condition, amputation, orthopedic injury or have other rehabilitation needs.
“This joint venture brings together two health care providers that are committed to excellent patient care,” said Brian Brannman, senior vice president of operations for Dignity Health in Nevada. “For patients being treated in one of our hospitals, the partnership with Select Medical will make additional long-term medical and rehabilitation resources available to help them return to a full, healthy life.”