Fierce Healthcare June 23, 2021
Select Medical Corporation announced a handful of new acquisitions and joint venture partnerships that will add seven long-term acute care hospitals and eight outpatient clinics to its already impressive collection of post-acute care facilities.
The company, which operates critical illness recovery, rehabilitation and occupational health locations across 46 states, said it expects the deals to close in the back half of 2021 pending regulatory approval.
The majority of Select Medical’s new hospitals will come from a newly announced agreement to acquire Acuity Healthcare, which owns and operates four long-term acute care hospitals and one satellite in New Jersey and West Virginia. Included in the package is also new joint venture partnerships with AtlantiCare, Mon Health, Virtua Health and Acuity’s physician...
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