Select Medical Corporation has announced an agreement to purchase substantially all assets of Baptist Memorial Restorative Care Hospital from Memphis, TN-based Baptist Memorial Health Care. The 30-bed, critical illness recovery hospital (licensed as long-term acute care), is located on the fourth floor of Baptist Memorial Hospital-Memphis. Financial terms of the deal were not disclosed.
“We are excited to expand our presence in Memphis, further extending our world-class critical illness recovery care to meet the needs of a growing patient population requiring extended healing and recovery after serious illness or injury,” said Tom Mullin, president of Select Medical.
“Select Medical has a proven track record of success in operating hospitals like Baptist Memorial Restorative Care Hospital,” said Chris Anderson, executive vice president and chief operating officer for Baptist Memorial Health Care. “They will bring additional expertise to the Restorative Care Hospital and build on the legacy of exceptional care the hospital has delivered for many years.”
The acquisition is expected to be completed in the third quarter, after which the hospital will be named Select Specialty Hospital – Memphis East. It will mark the second critical illness recovery hospital that Select Medical owns and operates in Memphis. In addition, Select Medical operates six outpatient rehabilitation centers under the Select Physical Therapy brand throughout the greater Memphis area.
