HealthSouth Corporation Acquires Adult Inpatient Rehabilitation Unit of CHRISTUS Santa Rosa Hospital -- Medical Center
SAN ANTONIO and BIRMINGHAM, Ala., July 17, 2012 /PRNewswire/ -- HealthSouth Corporation (NYSE: HLS) today announced it has completed the acquisition of the 36-bed inpatient adult rehabilitation unit of CHRISTUS Santa Rosa Hospital – Medical Center. HealthSouth intends to relocate the unit into its existing 108-bed inpatient rehabilitation hospital, HealthSouth Rehabilitation Institute of San Antonio (RIOSA).
"The acquisition will allow us to expand our high-quality and cost-effective inpatient rehabilitation services to more patients in the San Antonio community," said Frank Brown, president of HealthSouth's southwest region. "We look forward to working with CHRISTUS Santa Rosa Health System and other health care providers in San Antonio to provide a higher level of care to patients and their families."
In order to ensure there is no interruption to patient care, HealthSouth RIOSA will work with CHRISTUS Santa Rosa Hospital – Medical Center to coordinate the transfer of patients remaining in the inpatient adult rehabilitation unit. HealthSouth will also add hospital employees, as needed, to accommodate the additional patients. HealthSouth and CHRISTUS Santa Rosa Health System are working diligently to identify potential opportunities for current employees of the inpatient adult rehabilitation unit.
"CHRISTUS Santa Rosa selected HealthSouth RIOSA because it is a highly regarded rehabilitation hospital whose mission and approach to patient care is consistent with that of CHRISTUS Santa Rosa," said Pat Carrier, president/CEO of CHRISTUS Santa Rosa Health System. Carrier added, "We are pleased that HealthSouth RIOSA will continue to offer patients the highest level of care and service in a manner consistent with the mission and values of CHRISTUS Santa Rosa."
CHRISTUS Santa Rosa Health System will continue to operate the inpatient and outpatient rehabilitation services associated with Children's Hospital, and will continue to operate the freestanding outpatient rehabilitation programs located in San Antonio and New Braunfels.
About CHRISTUS Santa Rosa Health System
Founded in 1869 by the Sisters of Charity of the Incarnate Word of Houston and San Antonio, CHRISTUS Santa Rosa is a Catholic, faith-based, nonprofit health and wellness ministry dedicated to extending the healing ministry of Jesus Christ and providing the highest quality medical care and services available. As one of the top health care organizations in South-Central Texas, CHRISTUS Santa Rosa has five hospital campuses, with campuses located in the South Texas Medical Center, in New Braunfels, in Westover Hills, and a short-stay surgical hospital in Alamo Heights. Located downtown, the CHRISTUS Santa Rosa Children's Hospital will become the Children's Hospital of San Antonio - known as the first hospital in San Antonio solely dedicated to the care of children. The Children's Hospital is an academic teaching facility affiliated with the University of Texas Health Science Center at San Antonio. CHRISTUS Santa Rosa Health System also owns a majority interest in CHRISTUS Santa Rosa Physicians Ambulatory Surgery Centers – San Antonio, LLC, a joint venture physician partnership which is comprised of three outpatient surgery centers in San Antonio with facilities in Alamo Heights, Stone Oak, and the Medical Center. Additionally, CHRISTUS Santa Rosa Health System owns a majority interest in the CHRISTUS Santa Rosa Physicians Ambulatory Surgery Center in New Braunfels, a joint venture physician partnership. CHRISTUS Santa Rosa is the preferred health system of the San Antonio SPURS. For additional information on CHRISTUS Santa Rosa, visit www.christussantarosa.org. Find us on Facebook at www.facebook.com/christussantarosa and follow us on Twitter at http://twitter.com/CSRHS.
HealthSouth is the nation's largest owner and operator of inpatient rehabilitation hospitals in terms of revenues, number of hospitals, and patients treated and discharged. Operating in 27 states across the country and in Puerto Rico, HealthSouth serves patients through its network of inpatient rehabilitation hospitals, outpatient rehabilitation satellite clinics and home health agencies. HealthSouth's hospitals provide a higher level of rehabilitative care to patients who are recovering from conditions such as stroke and other neurological disorders, orthopedic, cardiac and pulmonary conditions, brain and spinal cord injuries, and amputations. HealthSouth can be found on the Web at www.healthsouth.com.
Statements contained in this press release which are not historical facts, such as those relating to the effects of this development project, are forward-looking statements. In addition, HealthSouth may from time to time make forward-looking public statements concerning the matters described herein. All such estimates, projections, and forward-looking information speak only as of the date hereof, and HealthSouth undertakes no duty to publicly update or revise such forward-looking information, whether as a result of new information, future events, or otherwise. Such forward-looking statements are necessarily estimates based upon current information and involve a number of risks and uncertainties. HealthSouth's actual results or events may differ materially from those anticipated in these forward-looking statements as a result of a variety of factors. While it is impossible to identify all such factors, factors which could cause actual results or events to differ materially from those anticipated include, but are not limited to, any adverse outcome of various lawsuits, claims, and legal or regulatory proceedings that may be brought by or against the Company; changes in the regulation of the healthcare industry at either or both of the federal and state levels; competitive pressures in the healthcare industry and HealthSouth's response thereto; HealthSouth's ability to attract and retain nurses, therapists, and other healthcare professionals in a highly competitive environment with often severe staffing shortages and the impact on HealthSouth's labor expenses from potential union activity and staffing shortages; changes, delays in (including in connection with resolution of Medicare payment reviews or appeals), or suspension of reimbursement for HealthSouth's services by governmental or private payors; general conditions in the economy and capital markets; and other factors which may be identified from time to time in HealthSouth's SEC filings and other public announcements, including HealthSouth's Form 10-K for the year ended December 31, 2011 and Form 10-Q for the quarter ended March 31, 2012.
CHRISTUS Santa Rosa Health System Contact:
Lindsey Grizzelle, 210-326-6307
Casey Lassiter, 205-969-6176 or 205-447-6410
Mary Ann Arico, 205-969-6175
SOURCE HealthSouth Corporation
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