LOUISVILLE, KY. AND IOWA CITY, IOWA--(BUSINESS WIRE)--
Kindred Healthcare, LLC (“Kindred”) and Mercy Iowa City today announced that they have signed a definitive agreement and have created a joint venture to construct and operate a 40-bed inpatient rehabilitation hospital in Coralville, Iowa. The project has received Certificate of Need approval from the Iowa State Health Facilities Council.
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Kindred will manage the day-to-day operations of the new hospital. Subject to several regulatory and other approvals, Kindred expects the hospital to open by the second quarter of 2020. The new hospital will care for adults recovering from conditions such as stroke, neurological disease, injury to the brain or spinal cord and other long-term illnesses or injuries. In Clive, Iowa, a suburb of Des Moines, Kindred and Mercy Medical Center - Des Moines opened Mercy Rehabilitation Hospital in June 2018. The 50-bed hospital is Iowa’s first and currently only freestanding inpatient rehabilitation hospital.
“We look forward to partnering with Mercy Iowa City to build and operate this facility, our second hospital with Mercy in the state of Iowa, to address the growing need for inpatient rehabilitation services in the state,” said Jason Zachariah, President of Kindred Rehabilitation Services, a division of Kindred Healthcare. “Kindred is proud to create a quality-focused partnership with another leading healthcare system and we are excited to broaden our post-acute care offerings. We expect this collaborative effort, like other Kindred partnerships across the country, to deliver the kind of excellent patient care that helps our inpatient rehabilitation business outperform peers in key clinical measures.”
“Mercy Iowa City is known statewide for the high quality of care it provides and its leadership role in working with others to meet health needs in not only Johnson County but throughout southeast Iowa,” said Sean Williams, President and CEO of Mercy Iowa City. “We know there is a tremendous need for inpatient rehabilitation care in our service area. By working with Kindred we can provide an extraordinary level of care for patients much closer to home which is beneficial for both the patients and their loved ones. Our partnership with Kindred aligns perfectly with Mercy’s mission to heal, comfort and improve the health of the community in the tradition of the Sisters of Mercy.”
About Kindred Healthcare
Kindred Healthcare, LLC is a healthcare services company based in Louisville, Kentucky with annual revenues of approximately $3.3 billion(1). At September 30, 2018, Kindred through its subsidiaries had approximately 37,400 employees providing healthcare services in 1,894 locations in 45 states, including 74 long-term acute care hospitals, 22 inpatient rehabilitation hospitals, 11 sub-acute units, 98 inpatient rehabilitation units (hospital-based) and contract rehabilitation service businesses which served 1,689 non-affiliated sites of service. Ranked as one of Fortune magazine’s Most Admired Healthcare Companies for nine years, Kindred’s mission is to promote healing, provide hope, preserve dignity and produce value for each patient, resident, family member, customer and employee we serve. For more information, go to www.kindredhealthcare.com. You can also follow us on Twitter and Facebook.
(1) Revenues for the last twelve months ended September 30, 2018.
About Mercy Iowa City
Mercy Iowa City is an acute care hospital and regional referral center that draws patients from throughout southeast Iowa. In 2017 and 2018 Mercy Iowa City was awarded the Centers for Medicare and Medicaid (CMS) 5 Star Rating as a Top 2% of all hospitals, the only hospital in Iowa to do so; is Johnson County’s only accredited Chest Pain Center with an American Hospital Association Gold Plus Achievement Award for Stroke Care; received the Top 100 Community Hospitals Award in 2018 from Becker’s Review; the Press Ganey Guardian of Excellence Award for Mercy’s Emergency Care Unit by achieving 95 percent for patient experience for ten consecutive years; an “A” grade for patient safety from Leapfrog; and the Center of Distinction Award from Healogics for Mercy’s Wound and Vein Center. Mercy has 234 acute care beds, 25 private rooms for outpatient surgery, 26 bed nursery with a Level II Neonatal Intensive Care Unit, 28 primary and specialty care clinics, a medical staff of 250 physicians representing all major medical specialties and most sub-specialties and 1,350 employees. It was founded by the Sisters of Mercy in 1873 and became an affiliate of Mercy Health Network in 2017. To learn more visit www.mercyiowacity.org.
Copyright Business Wire 2018