Vibra Healthcare Announces the Acquisition of Progressive Healthcare

Leader in medical rehabilitation and long term acute care hospitals purchases Progressive Specialty Hospitals

Oct 26, 2010, 15:59 ET from Vibra Healthcare LLC

MECHANICSBURG, Pa., Oct. 26 /PRNewswire/ -- Vibra Healthcare, a national operator of specialty hospitals and outpatient physical therapy centers announced today that it has acquired Progressive Healthcare's specialty hospitals. The four critical acute care hospitals are located in Indiana and Ohio totaling 118 beds. Two of the hospitals are located in Fort Wayne and Crown Point, Indiana and will be known as Vibra Hospital of Fort Wayne and Vibra Hospital of Northwestern Indiana. The Ohio hospitals will be known as Vibra Hospital of Mahoning Valley located in Boardman and Vibra Hospital of Mahoning Valley Trumbull Campus located in Warren.

Long Term Acute Care Hospitals (LTACHs) provide specialized acute and medical rehabilitative care to medically complex patients. LTACH patients are critically ill and/or have multi-system failures that require extended acute care treatment after discharge from a traditional acute care hospital, typically from the intensive care unit.

"We are pleased to add the Progressive Hospitals to the Vibra Healthcare network and furthering our strategic objectives by providing Vibra an opportunity to gain market share in key states. We look forward to developing market specific services to meet the unique needs of each healthcare community Progressive serves," stated Brad Hollinger, Founder, Chairman and CEO of Vibra Healthcare.

Vibra Healthcare, LLC is a specialty hospital provider based in Mechanicsburg, Pennsylvania focused on the development, acquisition and operation of freestanding long-term acute care and medical rehabilitation hospitals. With the addition of the 4 hospitals, Vibra will operate 33 specialty hospitals and outpatient locations with over 1400 beds in nine states.

SOURCE Vibra Healthcare LLC