Select Medical has signed a joint venture agreement with Rush University System for Health (RUSH) to run multiple hospitals in the greater Chicago and Northwest Indiana region, US.
The terms of the agreement cover management of a critical illness recovery hospital, inpatient rehabilitation hospital and 63 physical therapy centres.
Select Medical will be the majority owner and managing partner for the three post-acute care lines.
The deal also involves the construction of a new 84-bed hospital at Rush University Medical Center in Chicago. This is yet to receive the IL Health Facilities and Service Review Board approval.
Of the total beds at the new hospital, 30 beds will be for critical illness recovery and the remaining 54 for inpatient rehabilitation.
The facility, which will be called Rush Specialty Hospital, is expected to completed in 2022.
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Meanwhile, Select Medical will operate the current Rush Rehabilitation unit in the Johnston R. Bowman Health Center on the Medical Center campus.
Select Medical president and CEO David Chernow said: “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 Indiana.
“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.”
The joint outpatient rehabilitation centres under the deal include 62 NovaCare Rehabilitation, Select Physical Therapy and Michiana Orthopaedic & Sports Physical Therapy from Select Medical, and the Rush Rehabilitation centres.
All 63 outpatient centres will be renamed as RUSH Physical Therapy.
Rush University System for Health CEO Dr Ranga Krishnan said: “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.”