Post Acute Medical Announces Start of Operation of Three Kindred Hospitals
CAMP HILL, Pa., Sept. 3, 2013 /PRNewswire/ -- Post Acute Medical, LLC ("PAM") is pleased to announce the addition of three long term acute care hospitals ("LTACHs") to its hospital network. The transaction adds facilities in Corpus Christi, TX, Lafayette, LA and Tulsa, OK. Two additional Facilities in Victoria, TX and Milwaukee, WI will join the Post Acute Network before October 1, 2013. The five LTACHS are part of a previously announced transaction between Vibra Healthcare, LLC ("Vibra") and Kindred Healthcare, Inc.
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The former Kindred facilities to be operated by Post Acute Medical are:
Post Acute Medical Specialty Hospital of Corpus Christi (formerly Kindred Hospital Corpus Christi) located at 6226 Saratoga Blvd, Corpus Christi, TX 78414
Post Acute Medical Specialty Hospital of Lafayette (formerly Kindred Hospital Lafayette) located at 204 Energy Parkway, Lafayette, LA 70508
Post Acute Medical Specialty Hospital of Tulsa (formerly Kindred Hospital Tulsa) located at 3219 South 79th East Avenue, Tulsa, OK 74145
The two Kindred facilities scheduled for close in September include:
Post Acute Medical Specialty Hospital of Milwaukee (currently Kindred Hospital Milwaukee) located at 5017 S 110th Street, Greenfield, WI 53228
Post Acute Medical Specialty Hospital of Victoria (currently Kindred Hospital Victoria) located at 506 E San Antonio Street, 3rd Floor, Victoria, TX 77901
The addition of these facilities increases PAM's portfolio of hospitals to 17 in four states. PAM also operates two freestanding outpatient rehabilitation clinics. An additional four IRFs are under construction or in development.
"The Post Acute Medical team has been working diligently to ensure a transition that is as smooth as possible. Along with our strategic partner Vibra Healthcare we have taken great care to ensure that issues and systems related to excellent patient care, employee and medical staff relationships stellar clinical programs and an efficient admissions process are in place," said Anthony Misitano, Post Acute Medical President and CEO.
Post Acute Medical is a privately held, independent company and is collaborating with Vibra Healthcare, LLC as a strategic partner for this acquisition opportunity. Through a services arrangement Vibra provides certain back office, collection and IT services to PAM.
About Post Acute Medical
Post Acute Medical, LLC, based in Camp Hill, Pennsylvania, operates eighteen facilities in four states. PAM provides post-acute healthcare services including long term acute care, inpatient rehabilitation, skilled nursing, outpatient physical rehabilitation and assisted living brain injury. PAM is committed to providing high quality patient care and outstanding customer service, coupled with loyalty and dedication of highly trained staff, to be the most trusted source for post-acute services in every community it serves. http://www.postacutemedical.com
Read more news from Post Acute Medical.
Contact:
Karick Stober, Chief Financial Officer - 717. 731. 9660, Email
SOURCE Post Acute Medical
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