Kindred Healthcare and CHI Franciscan Health Announce Plans for Inpatient Rehabilitation Hospital
July 28 2016 - 5:00PM
Business Wire
Joint venture will construct and operate a
60-bed hospital in Tacoma, Washington
Kindred Healthcare, Inc. (“Kindred”) (NYSE: KND) today announced
that it has signed a definitive agreement with CHI Franciscan
Health (“CHI Franciscan”) to create a joint venture to construct
and operate a 60-bed inpatient rehabilitation hospital in Tacoma,
Washington, which is located in Kindred’s Seattle integrated care
market. The project recently received Certificate of Need approval
from the Washington State Department of Health.
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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 first 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 its Seattle integrated care market, Kindred operates two
transitional care hospitals, two nursing centers, two co-located
hospital-based sub-acute units, and provides home health and
hospice services. CHI Franciscan is affiliated with Catholic Health
Initiatives, the third-largest nonprofit health system in the
United States with operations in 19 states. CHI Franciscan provides
health services in the Pacific Northwest.
“We look forward to a strong partnership with CHI Franciscan as
we develop a new inpatient rehabilitation hospital that complements
CHI Franciscan’s acute care settings and highly regarded reputation
for helping patients recover and return home,” said Benjamin A.
Breier, Kindred’s President and Chief Executive Officer. “Kindred
is proud of partnerships, such as this, with some of the nation’s
leading health systems because they recognize how our post-acute
expertise and patient-centered care model help drive efficiencies
and clinical integration. These collaborative efforts deliver the
best in patient care and have helped our inpatient rehabilitation
business outperform peers in key clinical measures.”
“Care for patients needing long-term rehabilitation care has hit
a tipping point in Pierce County,” said Ketul Patel, CHI
Franciscan’s Chief Executive Officer. “Our partnership with Kindred
is a giant step toward meeting that critical need. This partnership
is important in terms of partnering with a leading provider of
post-acute care services to join with our full continuum of
healthcare services, to provide our communities with the right care
where and when they need it.”
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 March 31, 2016, Kindred through its
subsidiaries had approximately 102,000 employees providing
healthcare services in 2,700 locations in 46 states, including 95
transitional care hospitals, 19 inpatient rehabilitation hospitals,
92 nursing centers, 20 sub-acute units, 618 Kindred at Home home
health, hospice and non-medical home care sites of service, 104
inpatient rehabilitation units (hospital-based) and a contract
rehabilitation services business, RehabCare, which served 1,752
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.
About CHI Franciscan
Health
CHI Franciscan Health is a nonprofit health system based in
Tacoma, Washington with a team of nearly 12,000 doctors, nurses and
staff that provide expert, compassionate medical care at eight
acute care hospitals and more than 100 primary and specialty care
clinics in Pierce, King and Kitsap counties. This includes St.
Anthony Hospital, Gig Harbor; St. Clare Hospital, Lakewood; St.
Elizabeth Hospital, Enumclaw; St. Francis Hospital, Federal Way;
St. Joseph Medical Center, Tacoma; Harrison Medical Center,
Bremerton and Silverdale; Highline Medical Center, Burien; and
Regional Hospital, Burien. Started in 1891 by the Sisters of St.
Francis of Philadelphia, today CHI Franciscan Health is one of the
largest health systems in Washington state. The system spans more
than 1,100 acute care beds, a credentialed medical staff of more
than 1,500 including more than 550 employed physicians providing
specialties in cardiovascular care, cancer care, orthopedics and
sports medicine, neurosciences and women’s care. CHI Franciscan’s
mission focuses on creating healthier communities, including caring
for the poor and underserved. In 2015, the organization provided
$141 million in community benefit, including $10 million in charity
care. More information: www.chifranciscan.org.
________________(1) Revenues based upon Kindred consolidated
revenues for the twelve months ended March 31, 2016.
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Kindred Healthcare, Inc.Susan E. Moss, 502-596-7296Senior Vice
President, Marketing and Communicationssusan.moss@kindred.comorCHI
Franciscan HealthScott Thompson, 253-382-3889Media Relations
Specialistscottthompson@chifranciscan.org
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