SSM Health Care - St. Louis & Select Medical Corporation Announce Joint Venture Partnership
08 Dezembro 2009 - 11:00AM
PR Newswire (US)
ST. LOUIS, Dec. 8 /PRNewswire/ -- SSM Health Care - St. Louis and
Select Medical Corporation, a wholly-owned subsidiary of Select
Medical Holdings Corporation (NYSE:SEM), today announced a joint
venture partnership designed to provide expanded rehabilitation
care to the Greater St. Louis area. The joint venture encompasses
80 inpatient rehabilitation beds, 33 outpatient physical therapy
centers (with additional on-site services), three occupational
medicine clinics, contract therapy locations and staffing services.
This partnership will initiate the development and construction of
a freestanding rehabilitation hospital, and the integration of both
organizations' outpatient rehabilitation, occupational medicine and
contract therapy services in St. Louis. "SSM Health Care - St.
Louis is known for providing the most comprehensive inpatient and
outpatient rehabilitation services in the area," said James Sanger,
President and Chief Executive Officer, SSM Health Care - St. Louis.
"This innovative partnership with Select Medical allows for the
expansion of exceptional patient care throughout the region."
"Select Medical is pleased to partner with SSM Health Care - St.
Louis, a highly regarded major health care system," said Robert
Ortenzio, Chief Executive Officer of Select Medical Corporation.
"This joint venture will create a regionally distributed and
branded rehabilitation network that offers the specialized
expertise of a freestanding rehabilitation hospital with convenient
access to a wide range of high-quality outpatient services." Select
Medical will serve as managing partner of the joint venture
operations, which will use the prominent SSM brand. The joint
venture encompasses the following businesses: SSM Rehab, SSM Day
Institute, SSM Homeward Bound, SSM WorkHealth, contract therapy
services to SSM Home Care, and Select Physical Therapy. It also
includes acute hospital therapy services -- such as physical,
occupational and speech therapies -- provided to patients in the
six SSM Health Care - St. Louis adult acute care hospitals. More
than 730 local employees are part of the joint venture. Inpatient
Operations Currently, SSM Rehabilitation Hospital provides
inpatient rehabilitation services at SSM St. Mary's Health Center
in Richmond Heights, Mo. and the joint venture manages the same
services at SSM St. Joseph Health Center in St. Charles, Mo.
Construction of a new SSM Rehabilitation Hospital will begin soon
on the campus of SSM DePaul Health Center in Bridgeton, Mo. with
expected completion in the fall/winter of 2011. The Certificate of
Need for the rehabilitation hospital was approved in February 2009.
SSM Rehabilitation Hospital will provide advanced treatment and
comprehensive care to individuals, particularly brain/spinal cord
injury and stroke patients. Select Medical's Kessler Institute for
Rehabilitation is one of only six federally designated Model
Systems in the country for the treatment and research of both
spinal cord and brain injuries. Outpatient Operations The joint
venture's outpatient operations will unite 18 SSM Rehab centers and
15 Select Physical Therapy centers under the new SSM Physical
Therapy brand name. The SSM Day Institutes will be co-located
within specific SSM Physical Therapy centers, and the three SSM
WorkHealth locations will provide occupational medicine. Contract
therapy operations will continue as SSM Homeward Bound and SSM Home
Care therapy services. The outpatient and contract therapy services
are provided by SSM Rehabilitation Hospital. About the Partners SSM
Health Care - St. Louis serves the comprehensive health needs of
St. Louis-area residents through a network that includes seven
hospitals, nearly 12,000 employees and 2,500 staff physicians. Key
service lines include heart, cancer, neurosciences, pediatrics,
weight loss, sleep, imaging, behavioral health and rehab. SSM
Health Care - St. Louis includes: Cardinal Glennon Children's
Medical Center, DePaul Health Center, St. Clare Health Center, St.
Joseph Health Center, St. Joseph Health Center - Wentzville, St.
Joseph Hospital West and St. Mary's Health Center. Based in
Mechanicsburg, Pennsylvania, Select Medical Corporation is a
leading provider of specialized health care encompassing long-term
acute care, inpatient medical rehabilitation, outpatient physical
rehabilitation and contract therapy. At present, the company has
21,000 employees and operates hospitals and outpatient clinics in
42 states and D.C. Select Medical also owns the prestigious Kessler
Institute for Rehabilitation, which is consistently recognized as
one of America's best rehabilitation hospitals by U.S. News &
World Report. DATASOURCE: Select Medical Corporation CONTACT: Deena
Fischer of SSM Health Care - St. Louis, +1-314-989-2315, or Carolyn
Curnane (Media), or Joel Veit (IR), both of Select Medical
Corporation, +1-717-972-1100 Web Site:
http://www.selectmedicalcorp.com/
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