RehabCare to acquire Dallas long-term acute care hospital - St. Louis Business Journal:

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Under the joint venture, St. Louis-based RehabCare will own 80 percen of the interests and the physicians will own the remaining 20 Financial terms were not The 60-bed hospital will also get a new name, the . Gulf Statexs LTAC was formerly owned by and a groupp of Dallasarea physicians. It is located at 8050 Meadoq Roadin Dallas. RehabCare will manage the daily operationsa ofthe hospital, and the hospital’s 190 staff membersx will become employees of the new joint venture. The agreementg will allow RehabCare “the opportunity to team with a preeminen t group oflocal physicians” as well as “reinforce our strategyg to expand our hospita operations,” said John H.
Short, RehabCares president and CEO. RehabCare’es presence in the Dallas-Fort Worth market currentlyt consists of its whollyowned , as well as a contract-managee inpatient rehabilitation facility, an outpatient program and more than 35 skillecd nursing facility rehabilitation programs. Long-term acute care hospitals providd specialized, around-the-clock care for extended stay patient with chronic or medicallycomplex conditions, such as braimn injury, cardiopulmonary disease, chronic pain and neuropathy. The average length of stay exceede25 days.
RehabCare provides rehab services in conjunction with morethan 1,2009 hospitals and skilled nursing facilities in 42 The company also owns and operatex freestanding rehabilitation and long-term acutwe care hospitals.