Market Overview

HealthSouth Purchases Land in South Denver and Announces Plans for New Hospital

HealthSouth Corporation (NYSE: HLS) today announced its plans to begin construction on a new 49,000-square foot inpatient rehabilitation hospital in the Littleton, Colo. area of south Denver. Construction is scheduled to begin in the second quarter of this year and the hospital should be operational by the third quarter of 2013. In connection with these plans, HealthSouth purchased 11.65 acres of land located at 1001 West Mineral Ave., in Littleton.

Plans for the new hospital include 40 private rooms where inpatient rehabilitative care will be offered, including specialized rehabilitation programs using advanced technology to help patients recover from a major illness, injury or surgery.

It is expected approximately 300-400 construction jobs will be created during the building process. In its third year of operation, the hospital will employ approximately 90 full-time medical professionals.

Posted-In: News M&A

 

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