Kindred Healthcare to Convert Existing Long-Term Acute Care Hospital into Inpatient Rehabilitation Hospital in Partnership wi...
August 01 2017 - 4:30PM
Business Wire
Joint venture will operate a 40-bed hospital
in southern suburb of Indianapolis, Indiana
Kindred Healthcare, Inc. (“Kindred”) (NYSE:KND) today announced
plans to convert Kindred Hospital Indianapolis South, an existing
60-bed long-term acute care (“LTAC”) hospital, into a 40-bed
inpatient rehabilitation hospital in partnership with Community
Health Network (“Community”).
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The new inpatient rehabilitation hospital will care for adults
recovering from conditions such as stroke, neurological disease,
injury to the brain or spinal cord, and other long-term illnesses
or injuries. The hospital will feature specialized clinical
programs including a dedicated brain injury unit for patients
suffering from trauma-related neurological conditions. Kindred will
manage the day-to-day operations of the new hospital.
Subject to several regulatory and other approvals, Kindred and
Community expect the inpatient rehabilitation hospital to open in
the first quarter of 2018. Located in Greenwood, a suburb of
Indianapolis, the hospital is expected to be a regional
rehabilitation destination for patients across central and southern
Indiana.
This will be the third joint venture partnership between Kindred
and Community. The healthcare providers currently jointly operate
both Community Rehabilitation Hospital in Northeast Indianapolis
and Community Howard Specialty Hospital in Kokomo, Indiana. The new
hospital will be called Community Rehabilitation Hospital South and
will be modeled after Community Rehabilitation Hospital in
Northeast Indianapolis.
Following the conversion of Kindred Hospital Indianapolis South,
Kindred will continue to operate two LTAC hospitals in the
Indianapolis market – Kindred Hospital Indianapolis North and
Kindred Hospital Indianapolis. Additionally, Kindred provides home
health and hospice services throughout the greater Indianapolis
market.
“We are constantly evaluating our portfolio and looking for
opportunities to reposition our assets so we can provide services
more efficiently and effectively to meet our patients’ needs,” said
Benjamin A. Breier, Kindred’s President and Chief Executive
Officer. “The conversion of one of our three LTAC hospitals into an
inpatient rehabilitation hospital significantly expands our
rehabilitation service offerings and positions Kindred to best
serve rehabilitation patients in the local community. In addition,
it advances our LTAC criteria strategy by consolidating operations
into our two remaining LTACs where we have the capacity to serve
the needs of medically complex patients for the entire market.”
“Community Health Network has been a great partner and we are
pleased that we can work with them to enhance their rehabilitation
services,” said Jason Zachariah, President of Kindred
Rehabilitation Services, a division of Kindred. “This
quality-focused collaboration with a leading healthcare system will
deliver the kind of excellent care that improves patients’ lives
and enables our inpatient rehabilitation business to continuously
outperform peers in key clinical measures.”
“We are thrilled to once again partner with Kindred to provide
exceptional rehabilitative care to those patients who need it,”
said Jason Fahrlander, Executive Vice President and President of
Acute Care Services for Community Health Network. “This new
hospital allows us to further our goal of providing convenient
access to specialized post-acute care to help improve the lives of
individuals in this region.”
About Kindred Healthcare
Kindred Healthcare, Inc., a top-90 private employer in the
United States, is a FORTUNE 500 healthcare services company based
in Louisville, Kentucky with annual revenues of approximately
$7.2 billion(1). At March 31, 2017, Kindred through its
subsidiaries had approximately 100,100 employees providing
healthcare services in 2,624 locations in 46 states, including 82
LTAC hospitals, 19 inpatient rehabilitation hospitals, 91 nursing
centers, 19 sub-acute units, 619 Kindred at Home home health,
hospice and non-medical home care sites of service, 101 inpatient
rehabilitation units (hospital-based) and contract rehabilitation
service businesses which served 1,693 non-affiliated sites of
service. Ranked as one of Fortune magazine’s Most Admired
Healthcare Companies for eight years, Kindred’s mission is to
promote healing, provide hope, preserve dignity and produce value
for each patient, resident, family member, customer, employee and
shareholder we serve. For more information, go to
www.kindredhealthcare.com. You can also follow us on Twitter and
Facebook.
(1) Revenues for the last twelve months ended March 31,
2017.
About Community Health
Network
Ranked among the nation’s most integrated healthcare systems,
Community Health Network is Central Indiana’s leader in providing
convenient access to exceptional healthcare services, where and
when patients need them—in hospitals, health pavilions and doctor’s
offices, as well as workplaces, schools and homes. As a non-profit
health system with over 200 sites of care and affiliates throughout
Central Indiana, Community’s full continuum of care integrates
hundreds of physicians, specialty and acute care hospitals, surgery
centers, home care services, MedChecks, behavioral health and
employer health services. To learn more, visit eCommunity.com or
call 800-777-7775.
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version on businesswire.com: http://www.businesswire.com/news/home/20170801006245/en/
Kindred Healthcare, Inc.Susan E. Moss, 502-596-7296Senior Vice
President, Marketing and
Communicationssusan.moss@kindred.comorCommunity Health NetworkKris
Kirschner, 317-621-7073Public Relations and Media Relations
Strategistkkirschner@ecommunity.com
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