Siskin Hospital for Physical Rehabilitation, a not-for-profit hospital in Tennessee built specifically for rehabilitation patients, has announced plans to acquire St. Barnabas Healthcare Center.
St. Barnabas is currently located on Siskin Hospital’s main campus and shares some services with Siskin.
With the signing of the letter of intent, officials expect the acquisition to take place in the coming months.
The transaction is subject to customary closing conditions and review by the Tennessee attorney general’s office and the Tennessee Division of Healthcare Facilities.
Siskin officials said that the acquisition will benefit both facilities and will bring acute inpatient rehabilitation, subacute rehabilitation, outpatient rehabilitation services and long-term care under one entity.
Siskin Hospital president and CEO Carol Sim said, "By joining these two not-for-profit, mission-driven organisations, it will allow us to expand the continuum of care currently provided by Siskin Hospital to the community."
Sim said that with numerous and ongoing changes in healthcare, Siskin Hospital and St. Barnabas are adapting to prepare for and ensure a successful future.
St. Barnabas president and CEO David Wildgen said that the organisation has a long history of providing care for seniors in the Chattanooga area.
"The purchase of St. Barnabas by Siskin Hospital will position us to continue our well-known and respected legacy as a provider of short-term and long-term care well into the future," Wildgen added.
"We are pleased to have the opportunity to retain the St. Barnabas name."
Community leaders joined the Episcopal Diocese of East Tennessee in 1965 to create St. Barnabas to meet the need for quality care for elderly people in the area.
In 2012 the original campus at Sixth and Pine Streets was sold to an independent buyer.
The nursing home division was relocated in 2007 to a new building on the campus of Siskin Hospital and has become a short-term home for many who receive therapy before returning to their homes.
Siskin Hospital offers specialised treatment programmes in brain injury, amputation, stroke, spinal cord injury, orthopaedics, and major multiple trauma. It also offers an inpatient and outpatient campus, as well as off-site locations.
The hospital also provides treatment for neurological disorders and loss of muscle strength and control following illness or surgery.