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."
About Dignity Health-St. Rose Dominican
As the community's only not-for-profit, faith-based health system, Dignity Health-St. Rose Dominican has been guided by the vision and core values of the Adrian Dominican Sisters for more than 65 years. As the Henderson and Las Vegas communities grow, the three St. Rose Dominican hospitals (the Rose de Lima, Siena and San Martín Campuses) and nearly 4,000 employees will continue the Sisters' mission of serving people in need. St. Rose Dominican is a member of the 22-state Dignity Health network of more than 9,000 physicians, 62,000 employees, and 400 care centers, including hospitals, urgent and occupational care, imaging centers, home health, and primary care clinics. For more information, visit our website at strosehospitals.org or follow us on Facebook, Twitter, YouTube or our Blog.
About Select Medical Holdings Corporation
Select Medical began operations in 1997 and has grown to be one of the largest operators of specialty hospitals, outpatient rehabilitation clinics and occupational health centers in the United States based on the number of facilities. As of December 31, 2016, Select Medical operated 103 long term acute care hospitals and 20 acute medical rehabilitation hospitals in 27 states and 1,611 outpatient rehabilitation clinics in 37 states and the District of Columbia. Select Medical's joint venture subsidiary Concentra operated 300 centers in 38 states. Concentra also provides contract services at employer worksites and Department of Veterans Affairs community-based outpatient clinics. At December 31, 2016, Select Medical had operations in 46 states and the District of Columbia. Information about Select Medical is available at www.selectmedical.com.
