Mainstreet plans to close the Surprise facility, laying off 70 workers.
The Rapid Recovery Center concept is to create buildings with a luxurious feel and to staff them with high-level clinicians, including physicians on site daily. The goal is to be a post-acute provider of choice for managed care systems, by achieving better...Arizona News
The joint venture will operate physical therapy centers and acute inpatient hospitals in Arizona.
Banner Health will be the majority owner; Select Medical will serve as managing partner.
In the agreement, the combined outpatient rehabilitation services will include 26 Select Physical Therapy centers currently operating in the...National News
This closing includes 12 skilled nursing facilities and four assisted living facilities. Sale proceeds from the closing were approximately $108 million.
In addition, the company has completed the sale to BlueMountain and affiliated buyers of 66 skilled nursing facilities and four assisted living facilities for aggregate proceeds of...
Plans are to spend $100 million and hire 800.
Called Rapid Recovery Centers, these facilities are designed to feel more like a hotel, specializing in rehabilitation and care immediately following a hospital stay — helping to reduce hospital readmissions in the process.
Ed Smith, Mainstreet Health’s vice president of operations...