Joint venture will construct and operate a 50-bed hospital in a
suburb of Des Moines, Iowa
LOUISVILLE, Ky. & DES MOINES, Iowa--(BUSINESS WIRE)--Oct. 27, 2016--
Kindred Healthcare, Inc. (“Kindred”) (NYSE:KND) today announced that it
has signed a definitive agreement with Mercy Medical Center – Des Moines
to create a joint venture to construct and operate a 50-bed inpatient
rehabilitation hospital in Clive, Iowa, a suburb of Des Moines. The
project has received Certificate of Need approval from the Iowa State
Health Facilities Council. This will be the first freestanding inpatient
rehabilitation hospital in the state of Iowa.
Kindred will manage the day-to-day operations of the new hospital.
Subject to several regulatory and other approvals, Kindred expects the
hospital to open by the second quarter of 2018. The new 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. In the Des Moines area, Kindred currently
provides home health and hospice services.
“We look forward to partnering with Mercy Medical Center to build and
operate a facility that will address the growing need for inpatient
rehabilitation services in the Des Moines area,” said
Jason Zachariah
,
President of Kindred Rehabilitation Services, a division of Kindred
Healthcare. “Kindred is proud to create a quality-focused partnership
with a leading Midwest healthcare system and excited to broaden our
post-acute care offerings in the area. We expect this collaborative
effort, like other Kindred partnerships across the country, to deliver
the kind of excellent patient care that helps our inpatient
rehabilitation business outperform peers in key clinical measures.”
“Development of this new inpatient rehabilitation hospital will serve a
growing need in the community and region we serve with our network of
hospitals,” said
Bob Ritz
, Mercy – Des Moines President. “We believe
there is an increasing demand for quality inpatient rehabilitation
services and, as our population continues to age, this need will only
continue to grow. We are very proud to be partnering with Kindred – a
leading provider of inpatient rehabilitation services nationwide – to
provide improved access to this level of care with superior outcomes for
patients, families, physicians and caregivers.”
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 June 30, 2016, Kindred through its subsidiaries had approximately
101,800 employees providing healthcare services in 2,684 locations in 46
states, including 97 transitional care hospitals, 19 inpatient
rehabilitation hospitals, 92 nursing centers, 19 sub-acute units, 617
Kindred at Home home health, hospice and non-medical home care sites of
service, 105 inpatient rehabilitation units (hospital-based) and
contract rehabilitation service businesses which served 1,735
non-affiliated sites of service. Ranked as one of Fortune magazine’s
Most Admired Healthcare Companies for seven 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 based upon Kindred consolidated revenues for the twelve
months ended June 30, 2016.
About Mercy Medical Center
Mercy operates four not-for-profit Catholic hospital campuses, with a
total of 875 beds, along with more than 20 additional facilities that
house more than 50 primary care, pediatric, internal medicine and
specialty clinics. Founded by the Sisters of Mercy in 1893, Mercy
Medical Center – Des Moines is the longest continually-operating
hospital in Des Moines and is also one of the largest employers in the
state – with about 7,000 employees and a medical staff of more than
1,000 physicians and allied health associates. Mercy Medical Center –
Des Moines is a member of Mercy Health Network and is a part of Catholic
Health Initiatives (CHI), a national nonprofit health organization with
headquarters in Englewood, Colo. The faith-based system operates in 18
states and includes 103 hospitals and multiple other facilities and
services.
Source: Kindred Healthcare, Inc.
Kindred Healthcare, Inc.
Susan E. Moss, 502-596-7296
Senior
Vice President,
Marketing and Communications
susan.moss@kindred.com
or
Mercy
Medical Center – Des Moines
Gregg Lagan, 515-490-6636
Media
Relations
glagan@mercydesmoines.org