Encompass Health Corp and Piedmont Healthcare announce they have executed a joint venture agreement to own and operate three inpatient rehabilitation hospitals in Georgia.
The parties are currently partnered on Regional Rehabilitation Hospital, in Phenix City, Alabama. The new agreement expands their partnership to four.
Recently, the partnership was granted certificates of need to own and operate new inpatient rehabilitation hospitals in Atlanta and Columbus, Georgia. In Columbus, the joint venture will construct a new 40-bed, freestanding inpatient rehabilitation hospital near the Piedmont Columbus Regional Northside Campus. The 40-bed Atlanta location will be built inside of the Piedmont Atlanta Hospital. Both new Georgia hospitals are expected to begin providing inpatient rehabilitation services beginning 2023.
In addition, anticipated to be effective June 2021, Piedmont Healthcare will assume partial ownership of Encompass Health Rehabilitation Hospital of Newnan in Georgia, a 60-bed inpatient rehabilitation hospital opened by Encompass Health in December 2014, a media release from Encompass Health Corp explains.
“We are excited about expanding our partnership with Piedmont Healthcare, a forward-thinking and well-respected healthcare leader that has been serving Georgia residents for more than 100 years. Through these hospitals, we will continue working together to provide our patients with coordinated and connected care that meets them where they are in their healthcare journeys and makes a positive difference in their lives.”
— Barb Jacobsmeyer, executive vice president, president of inpatient hospitals for Encompass Health
“Through our relationship with Encompass Health at Piedmont Columbus Regional we have experienced the value that Encompass Health can bring to our patients and we look forward to our broader geographic partnership. The addition of these high-acuity rehab services is a critical component for Piedmont to offer our patients along the continuum of care in our Clinically Integrated Network.”
— Piedmont Executive Vice President Michael J. Mandl
[Source(s): Encompass Health Corp, PR Newswire]
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