OhioHealth and Select Medical Expand Joint Venture to Operate Physical Therapy Centers in Central Ohio

Loading...
Loading...

OhioHealth and Select Medical Expand Joint Venture to Operate Physical Therapy Centers in Central Ohio

PR Newswire

MECHANICSBURG, Pa. and COLUMBUS, Ohio, July 12, 2018 /PRNewswire/ -- Select Medical today announced an expansion of its joint venture agreement with OhioHealth to combine operations of 38 physical therapy centers throughout Central Ohio.   The partnership designates OhioHealth as the majority owner; Select Medical will serve as managing partner.

"We are honored to broaden our partnership with OhioHealth to deliver expanded outpatient rehabilitative patient care in Ohio," said Select Medical President and CEO David S. Chernow.  "OhioHealth and Select Medical share a strong commitment to clinical excellence and we look forward to collaboratively building on that foundation in the years to come."          

Under the agreement, the combined outpatient rehabilitation services will include 22 NovaCare Rehabilitation centers, owned by Select Medical, and 16 OhioHealth centers.  All are currently operating in the region. 

"This growing partnership underscores our mission to improve the health of those we serve," said Steve Markovich, MD, Executive Vice President, OhioHealth. "The addition of 22 NovaCare Rehabilitation centers to the existing OhioHealth network will allow patients to have better access to affordable, quality care in their communities."

Select Medical and OhioHealth formed the initial joint venture in 2013 to operate OhioHealth Rehabilitation Hospital.  The 44-bed hospital treats stroke, traumatic brain injury, and spinal cord injury patients.   

About OhioHealth 
OhioHealth is a nationally recognized, not-for-profit, charitable, healthcare outreach of the United Methodist Church.  Based in Columbus, Ohio, OhioHealth has been recognized as one of the top five large health systems in America by Truven Health Analytics, an honor it has received six times.  It is also recognized by FORTUNE as one of the "100 Best Companies to Work For" and has been for 12 years in a row, 2007-2018.  Serving its communities since 1891, it is a family of 29,000 associates, physicians and volunteers, and a network of 10 hospitals, 200+ ambulatory sites, hospice, home-health medical equipment and other health services spanning a 47-county area.  For more information, visit www.ohiohealth.com

About Select Medical Holdings Corporation
Select Medical began operations in 1997 and has grown to be one of the largest operators of long term acute care hospitals, rehabilitation hospitals, outpatient rehabilitation clinics, and occupational health centers in the United States based on the number of facilities. As of March 31, 2018, Select Medical operated 99 long term acute care hospitals in 27 states, 24 rehabilitation hospitals in 10 states, and 1,617 outpatient rehabilitation clinics in 37 states and the District of Columbia. Select Medical's joint venture subsidiary Concentra operated 531 occupational health centers in 41 states. Concentra also provides contract services at employer worksites and Department of Veterans Affairs community-based outpatient clinics. At March 31, 2018, Select Medical had operations in 47 states and the District of Columbia. Information about Select Medical is available at selectmedical.com.

Media Contacts
For Select Medical: Shelly Eckenroth, seckenroth@selectmedical.com or 717-920-4035
For OhioHealth: Mark Hopkins, mark.hopkins@ohiohealth.com or 614-544-4248

View original content:http://www.prnewswire.com/news-releases/ohiohealth-and-select-medical-expand-joint-venture-to-operate-physical-therapy-centers-in-central-ohio-300680111.html

SOURCE Select Medical

Loading...
Loading...
Market News and Data brought to you by Benzinga APIs
Posted In: Press ReleasesJoint Ventures
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...