Kindred Healthcare and Mercy acquire Everest Rehabilitation Hospital of Oklahoma City
Kindred Healthcare and Mercy Clinic Oklahoma City have acquired Everest Rehabilitation Clinic of Oklahoma City, the corporations announced right now. Kindred and Mercy will work the hospital, now renamed Mercy Rehabilitation Clinic Oklahoma City South, through their existing joint venture. Economical phrases were not disclosed.
Mercy Rehabilitation Clinic Oklahoma City South is a 36-bed rehabilitation hospital positioned in the southern element of Oklahoma City.
Kindred and Mercy also work Mercy Rehabilitation Clinic Oklahoma City, which opened in October 2012 and is positioned in the northern element of the town. Mercy Rehabilitation Clinic Oklahoma City at the moment has fifty beds and is incorporating a 10,000-square-foot affected individual wing that will maximize capacity by 32%, with sixteen more beds and two more affected individual treatment locations.
Both Oklahoma City hospitals serve people recovering from stroke and other extensive-expression ailments or accidents and element specialised medical applications.
Mercy Rehabilitation Clinic in northwest Oklahoma City routinely operates at or in the vicinity of capacity, which boundaries the potential to grow products and services or acknowledge more people for needed rehabilitation treatment. The more beds underneath construction at the northern locale, as effectively as the addition of a 2nd facility in southern Oklahoma City, will enable satisfy a expanding demand from customers for rehabilitation products and services, the hospitals reported Tuesday.
What is actually THE Affect
Mercy Rehabilitation Clinic Oklahoma City was named the finest physical rehabilitation centre in Oklahoma and 1 of the finest in the nation by Newsweek magazine in 2020.
Kentucky-based Kindred Healthcare is a specialty hospital enterprise offering acute health and fitness products and services in extensive-expression acute treatment hospitals, inpatient rehabilitation hospitals, acute rehabilitation units and behavioral health and fitness traces of business enterprise, all specializing in dealing with the most medically elaborate people.
Mercy, named 1 of the leading five huge U.S. health and fitness devices for four consecutive a long time by IBM Watson Wellness, serves tens of millions each year.
THE Larger Pattern
Given that 2015, world wide healthcare M&A has greater in worth every single 12 months apart from for 2017, according to S&P Worldwide.
A Kaufman Corridor report from Q2 2020 also reported a dip in M&A exercise, but authorities imagine the pandemic could be strengthening the rationale for long run partnerships.
“Even a lot more powerful than COVID right now is the path of transformation healthcare was on,” reported Anu Singh, managing director of mergers, acquisitions and partnerships at Kaufman Corridor, at the time. “There are new capabilities inside health and fitness devices, efficiency close to costs and treatment administration, and the migration to worth alternatively of volume. Strategic associates were on the lookout for strategic associates pre-COVID, and that has continued.”
ON THE Record
“As an Oklahoman, I am honored to be element of growing products and services to a lot more people in Oklahoma City as we continue to grow with Mercy,” reported Sharon Smeltzer, Division Vice President – West, Kindred Clinic Rehabilitation Solutions and the initially chief executive officer of Mercy Rehabilitation Clinic. “This enlargement is attainable because of the hard perform, determination and determination of our co-employees to delivering substantial-excellent and compassionate rehabilitative treatment.”
“We know our people require accessibility to a lot more rehab products and services to assist in their recovery and it is really vital to us to be capable to present a comprehensive continuum of treatment at Mercy,” reported Zack Dawson, vice president of operations and publish-acute products and services at Mercy Clinic Oklahoma City. “We are energized all those products and services will soon be available for even a lot more people in a practical locale.”
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