Kindred Healthcare Announces Additional Integrated Care Market Development Plans And New Hospital Openings

Kindred Healthcare, Inc. (the “Company” or “Kindred”) (NYSE:KND) today announced the planned development of two new Transitional Care Centers in Indianapolis, Indiana and Las Vegas, Nevada, the opening of a Transitional Care Hospital in Dayton, Ohio, and the planned opening of a Transitional Care Hospital in Charleston, South Carolina.

New Transitional Care Centers in Indianapolis, Indiana and Las Vegas, Nevada

Kindred intends to open a new 100-bed Transitional Care Center (licensed for skilled nursing care) in Indianapolis, Indiana on a site adjacent to St. Francis Health Indianapolis Campus. The Transitional Care Center will specialize in intensive short-term rehabilitation therapy, including cardiac and orthopedic rehabilitation. Pending certain regulatory approvals, the Company anticipates groundbreaking in the first quarter of 2013 and opening in the first quarter of 2014. In the Indianapolis market, Kindred currently operates two Transitional Care Hospitals (licensed as long-term acute care hospitals), seven nursing and rehabilitation centers, one hospice and home health location, and through its RehabCare division one hospital based acute rehabilitation unit.

The Company also plans to open a new 150-bed Transitional Care Center in Las Vegas, Nevada on a site adjacent to Universal Health Services, Inc.’s Spring Valley Hospital Medical Center. The Transitional Care Center will specialize in intensive short-term rehabilitation therapy, including cardiac, pulmonary and orthopedic rehabilitation. Pending certain regulatory approvals, the Company anticipates groundbreaking in the first quarter of 2013 and opening in the first quarter of 2014. In the Las Vegas market, Kindred currently operates three Transitional Care Hospitals, two nursing and rehabilitation centers, one co-located hospital based sub-acute unit, and two hospice, home care and private duty locations.

New Replacement Hospitals in Dayton, Ohio and Charleston, South Carolina

Kindred has opened a new and expanded 67-bed Transitional Care Hospital in Dayton. The new Kindred Hospital Dayton has all private rooms and services such as an expanded intensive care unit, expanded radiology department with CT scanner and therapy gym. The Company plans to open a co-located sub-acute unit in the future, pending regulatory approvals. In the Dayton market, in addition to Kindred Hospital Dayton, the Company operates one hospice location.

If you liked this article you might like

Walgreens Takes Piece of PharMerica, Quest to Dominate Healthcare Continues

Kindred Sells Skilled Nursing Facility Business for $700M

13 Things Kentucky Is Best Known for Other Than the Kentucky Derby

Kindred Healthcare to Explore Sale

Bullish and Bearish Reversals in the Market