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May 4, 2015

HealthSouth acquires Cardinal Hill Rehabilitation Hospital in US

US-based inpatient rehabilitative hospitals operator HealthSouth has completed the acquisition of Cardinal Hill Rehabilitation Hospital in Lexington, Kentucky.

US-based inpatient rehabilitative hospitals operator HealthSouth has completed the acquisition of Cardinal Hill Rehabilitation Hospital in Lexington, Kentucky.

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Terms of the deal, which was first announced in February 2015, were not disclosed.

HealthSouth regional president Barbara Jacobsmeyer said: "HealthSouth is excited to be serving residents of central and eastern Kentucky at Cardinal Hill Rehabilitation Hospital.

"Part of HealthSouth’s national network of 108 inpatient rehabilitation hospitals, Cardinal Hill is the third hospital for the group in Kentucky."

"The hospital has a wonderful reputation of providing exceptional care since 1950, and HealthSouth plans to continue fulfilling the hospital’s mission of giving hope and enhancing outcomes for patients and families."

Cardinal Hill facility includes 158 licensed inpatient rehabilitation beds and 74 licensed skilled nursing beds. The hospital is said to provide inpatient rehabilitation, skilled nursing, outpatient rehabilitation and home health services.

Part of HealthSouth’s national network of 108 inpatient rehabilitation hospitals, Cardinal Hill is the third hospital for the group in Kentucky.

The other two hospitals in the region are HealthSouth Northern Kentucky Rehabilitation Hospital in Edgewood and HealthSouth Lakeview Rehabilitation Hospital in Elizabethtown.

HealthSouth provides post-acute services, including facility-based and home-based post-acute services in 33 states and Puerto Rico.

In January 2015, HealthSouth completed the acquisition of EHHI Holdings for $750m, which owns Encompass Home Health and Hospice. It operates in 140 locations across 13 states in the US.

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Free Report
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What is the Global Healthcare and Pharma Market Q2 Outlook?

Given the background of high inflation, re-emerging supply chain issues, and the widespread macro-economic implications of the Ukraine conflict, the global pharmaceutical industry is facing an entirely new set of challenges following the turbulence of the COVID-19 pandemic. GlobalData’s World Markets Healthcare (WMH) service has released its latest Q2 forecast. This report incorporates the latest thinking on the opportunities and risks this new environment presents for pharma companies. However, the pharma sector is proving resilient, and we are projecting 4.4% global growth for the year ahead. Yet it remains that the current economic picture is inverting some baseline assumptions from previous quarterly forecasts and altering which markets we expect the key growth levers to derive from. Download our latest executive summary for a snapshot view of what our clients use to formulate winning strategies.
by GlobalData
Enter your details here to receive your free Report.

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