Market Overview

Kindred Healthcare and UC Davis Announce Plans for Inpatient Rehabilitation Hospital

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Joint venture will construct and operate a 40-bed hospital in
Sacramento

Kindred Healthcare, LLC ("Kindred") and the University of California,
Davis ("UC Davis") today announced that they have signed a definitive
agreement to create a joint venture to construct and operate a 40-bed
inpatient rehabilitation hospital in Sacramento. The hospital will be
located on the UC Davis Sacramento campus at Aggie Square, its
newly announced technology and innovation campus.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180808005519/en/

The UC Davis Rehabilitation Hospital will serve the growing clinical
needs of the Sacramento region. The hospital will treat patients
recovering from conditions such as stroke, traumatic brain injury and
spinal cord injury. Kindred will manage the day-to-day operations of the
hospital, and patients will enjoy leading-edge care provided by UC Davis
physicians and clinical staff, along with all private rooms. Subject to
several regulatory and other approvals, the partners expect the
inpatient rehabilitation hospital to open by the third quarter of 2020.

"We are confident that our partnership to build and operate this new
facility with UC Davis Health will address the growing need for
inpatient rehabilitation services in the Sacramento and Northern
California area," said Jason Zachariah, President of Kindred
Rehabilitation Services, a division of Kindred. "This quality-focused
collaboration with a premier healthcare system will deliver the kind of
excellent care and experience that improves patients' lives. This
partnership is another example of why our inpatient rehabilitation
business continuously outperforms peers in key clinical measures."

"The UC Davis Rehabilitation Hospital reflects the health system's
clinical-care vision for patients, which is to be a provider of choice
for state-of-the-art treatment and to develop the therapies that
post-acute care patients require," said UC Davis Chancellor Gary S. May.
"It also reflects the vision of Aggie Square – bringing the university,
community and industry together to build the future. At this hospital,
we'll be caring for patients and offering innovative technologies to
help patients get back to their lives faster and healthier after
surgeries and other types of treatment."

About Kindred Healthcare

Kindred Healthcare, LLC is a healthcare services company based in
Louisville, Kentucky with annual revenues of approximately $3.4 billion(1).
At June 30, 2018, Kindred through its subsidiaries had approximately
38,200 employees providing healthcare services in 1,795 locations in 45
states, including 75 long-term acute care hospitals, 21 inpatient
rehabilitation hospitals (22 as of July 12, 2018), 12 sub-acute units,
98 inpatient rehabilitation units (hospital-based) and contract
rehabilitation service businesses which served 1,589 non-affiliated
sites of service. Ranked as one of Fortune magazine's Most Admired
Healthcare Companies for nine years, Kindred's mission is to promote
healing, provide hope, preserve dignity and produce value for each
patient, resident, family member, customer and employee 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 June 30, 2018.

About UC Davis Health

UC Davis Health is improving lives and transforming health care by
providing excellent patient care, conducting groundbreaking research,
fostering innovative, inter-professional education, and creating
dynamic, productive partnerships with the community. The academic health
system includes one of the country's best medical schools, a 619-bed
acute-care teaching hospital, a 1,000-member physician's practice group
and the Betty Irene Moore School of Nursing. It is home to a National
Cancer Institute-designated comprehensive cancer center, an
international neurodevelopmental institute, a stem cell institute and a
comprehensive children's hospital. Other nationally prominent centers
focus on advancing telemedicine, improving vascular care, eliminating
health disparities and translating research findings into new treatments
for patients. Together, they make UC Davis a hub of innovation that is
transforming health for all. For more information, visit www.ucdmc.ucdavis.edu.

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