Kindred and Dignity Health Announce Plans for Inpatient Rehabilitation Hospital
April 30 2015 - 4:30PM
Business Wire
Joint venture will construct and operate a
50-bed hospital in the Phoenix area
Kindred Healthcare, Inc. (“Kindred”) (NYSE:KND) today announced
that it has signed a definitive agreement with Dignity Health
creating a joint venture to construct and operate a 50-bed
inpatient rehabilitation hospital in Chandler, Arizona, a suburb of
Phoenix. Kindred will own a slight majority in the joint venture
and will manage the day-to-day operations of the new hospital.
The hospital will be called Dignity Health Rehabilitation
Hospital - East Valley. Subject to several regulatory and other
approvals, Kindred expects the hospital to open by the third
quarter of 2016.
In the Phoenix market, Kindred currently operates two
transitional care hospitals, home health, hospice and non-medical
home care services and Kindred is also developing a new 120-bed
transitional care center (“TCC”) (licensed for skilled nursing
care) in Phoenix. The TCC is expected to open in the second half of
2015. Dignity Health operates five hospitals and numerous other
healthcare services in the Phoenix area. Dignity Health St.
Joseph’s Hospital in Phoenix includes the Barrow Neurological
Institute and is consistently ranked one of the best hospitals in
the nation for neurological services. It is also home of the
Muhammad Ali Parkinson Center.
Kindred and Dignity Health currently have one joint venture in
Southern California which is focused on home health services.
“Collaborating with high quality providers like Dignity Health
is critical to our commitment to meet patient needs and manage care
throughout the entire care continuum as we lower costs and improve
patient outcomes,” said Kent H. Wallace, Kindred’s Chief Operating
Officer. “This new joint venture adds to our strong relationship
with Dignity Health, and we look forward to working together to
provide health solutions for patients in the greater Phoenix
community.”
Dignity Health is one of Arizona’s largest healthcare systems
and Linda Hunt, President and CEO of Dignity Health in Arizona,
said this joint venture “brings together two companies that are
committed to excellent patient care. For patients being treated in
one of our hospitals, the partnership with Kindred will make
available to them additional long-term medical and rehabilitation
resources to help them return to a healthy life.”
“Having an inpatient rehabilitation hospital in the Phoenix area
will build on our Continue the Care strategy and allow us to
provide a full continuum of services to our patients,” said Mr.
Wallace. “This new inpatient rehabilitation hospital will further
enhance our position as one of the nation’s premier providers of
inpatient rehabilitation.”
About Kindred Healthcare
Kindred Healthcare, Inc., a top-85 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 December 31, 2014, on a pro forma basis to
include Gentiva and Centerre, Kindred through its subsidiaries had
approximately 103,000 employees providing healthcare services in
2,872 locations in 47 states, including 97 transitional care
hospitals, 16 inpatient rehabilitation hospitals, 90 nursing
centers, 22 sub-acute units, 634 Kindred at Home hospice, home
health and non-medical home care locations, 100 inpatient
rehabilitation units (hospital-based) and a contract rehabilitation
services business, RehabCare, which served 1,913 non-affiliated
facilities. Ranked as one of Fortune magazine’s Most Admired
Healthcare Companies for six 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 Dignity Health
Dignity Health, one of the nation’s largest health care systems,
is a 20-state network of nearly 9,000 physicians, 55,000 employees,
and more than 400 care centers, including hospitals, urgent and
occupational care, imaging centers, home health, and primary care
clinics. Headquartered in San Francisco, Dignity Health is
dedicated to providing compassionate, high-quality and affordable
patient-centered care with special attention to the poor and
underserved. In FY14, Dignity Health provided nearly $2 billion in
charitable care and services. For more information, please visit
our website at www.dignityhealth.org. You can also follow us on
Twitter and Facebook.
_________________________
(1)Revenues were computed by combining the twelve months ended
December 31, 2014 data for Kindred, Gentiva Health Services, Inc.
(“Gentiva”), which was acquired by Kindred on February 2, 2015, and
Centerre Healthcare Corporation (“Centerre”), which was acquired by
Kindred on January 1, 2015.
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Kindred HealthcareSusan E. Moss, 502-596-7296Senior Vice
President,Marketing and
Communicationssusan.moss@kindred.comorDignity Health in
ArizonaLynne Reaves, 602-406-4734Director, Corporate
Communicationslynne.reaves@dignityhealth.org
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