MECHANICSBURG, Pa. and
CHICAGO, Sept. 24, 2020 /PRNewswire/ -- Select Medical
Corporation, a wholly-owned subsidiary of Select Medical Holdings
Corporation (NYSE: SEM), today announced a joint venture agreement
with Rush University System for Health
(RUSH) to manage operations of a
critical illness recovery hospital, inpatient rehabilitation
hospital and 63 physical therapy centers throughout the greater
Chicago and Northwest Indiana
region. Select Medical will serve as both the majority owner and
managing partner across the three post-acute care lines.
The agreement also includes the construction of a new
state-of-the-art 84-bed hospital at Rush
University Medical Center on Chicago's West Side, with 30 beds dedicated to
critical illness recovery and 54 beds for inpatient rehabilitation.
Anticipated completion of the new facility, which will be named
Rush Specialty Hospital, is 2022. In the interim, Select Medical
will manage the existing Rush Rehabilitation unit located in the
Johnston R. Bowman Health Center on the Medical Center campus.
"This partnership brings together a top academic health system
and the leading post-acute care provider to serve the growing needs
of the Chicago metro area and
Northwest Illinois," said
David S. Chernow, president and
chief executive officer of Select Medical. "RUSH and Select Medical share a strong commitment
to clinical excellence guided by innovative, research-based care,
quality and safety. Together we will deliver world-class care and
outcomes to patients with critical illness or catastrophic injury
that puts them on a recovery path back to community and
home."
Under the agreement, the combined outpatient rehabilitation
centers contributed to the joint venture include 62 NovaCare
Rehabilitation, Select Physical Therapy and Michiana Orthopaedic
& Sports Physical Therapy locations from Select Medical, as
well as the Rush Rehabilitation center. All 63 outpatient centers
will be rebranded as RUSH Physical Therapy.
"In a post-COVID-19 world, post-acute services will be even more
important, and as a national standard-bearer of quality and safety,
RUSH was looking for a strategic
partner that would complement the excellent care our patients and
their families have come to expect," said Dr. Ranga Krishnan, chief executive officer of
Rush University System for Health.
"Providing this broad offering of services will help us further the
RUSH mission, and this partnership with
Select Medical enables us to make significant advances that will
benefit patients in important ways."
About Rush University System for
Health
Rush University System
for Health (RUSH) brings together
the brightest minds in medicine, research and academics. Driven by
discovery, innovation and a deep responsibility for the health of
our communities, RUSH is a national
leader in outstanding patient care, education, research, community
partnerships and empowering a new generation of health care
providers.
Rush University Medical Center is
ranked among the top hospitals in the nation by U.S. News
& World Report. The Medical Center was also ranked No.
1 in the nation by Vizient and named a Top Teaching Hospital by The
Leapfrog Group.
RUSH includes Rush University Medical Center, Rush University, Rush Copley Medical Center and
Rush Oak Park Hospital, as well as an extensive providers network
and numerous outpatient care facilities. Rush
University comprises four colleges: Rush Medical College,
the College of Nursing, the College of Health Sciences and the
Graduate College.
About Select Medical Holdings Corporation
Select
Medical is one of the largest operators of critical illness
recovery hospitals, rehabilitation hospitals, outpatient
rehabilitation clinics, and occupational health centers in
the United States based on number
of facilities. As of June 30, 2020,
Select Medical operated 101 critical illness recovery hospitals in
28 states, 29 rehabilitation hospitals in 12 states, and 1,757
outpatient rehabilitation clinics in 37 states and the District of Columbia. Select Medical's joint
venture subsidiary Concentra operated 522 occupational health
centers in 41 states. Concentra also provides contract services at
employer worksites. At June 30,
2020, Select Medical had operations in 47 states and the
District of Columbia. Information
about Select Medical is available at www.selectmedical.com.
Media Contacts
For Select Medical: Shelly Eckenroth, 717-920-4035 or
seckenroth@selectmedical.com
For Rush: Tobin
Klinger, 224-571-6542 or Tobin_Klinger@rush.edu
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content:http://www.prnewswire.com/news-releases/select-medical-and-rush-enter-joint-venture-to-operate-critical-illness-recovery-hospital-inpatient-rehabilitation-hospital-and-outpatient-rehabilitation-centers-in-illinois-301137750.html
SOURCE Select Medical