SELECT MEDICAL AND RIVERSIDE HEALTH SYSTEM ENTER JOINT VENTURE TO OPERATE AND BUILD SPECIALTY HOSPITALS SERVING THE COASTAL VIRGINIA REGION
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NEWPORT NEWS, VIRGINIA and MECHANICSBURG, PENNSYLVANIA – Riverside Health System and Select Medical Holdings Corporation announced their plans to enter into a joint venture for the management and operations of both Hampton Roads Specialty Hospital, a long-term acute care hospital, and Riverside Rehabilitation Institute, an acute inpatient rehabilitation hospital. This partnership will help Riverside advance its long-term plan to relocate the rehabilitation institute to a new location in York County and to co-locate the long-term acute hospital to Riverside Regional Medical Center in Newport News.
“Riverside has been searching for a partner for these specialty, post-acute care services and we identified Select Medical because it is one of the leading providers in the nation and they share a similar mission as Riverside” stated Bill Downey, President/CEO of Riverside Health System. “Select currently partners with 103 long-term acute hospitals and 20 rehabilitation hospitals nationally to include Emory Healthcare in Atlanta, Cleveland Clinic and Kessler Institute for Rehabilitation, ranked as a top three rehabilitation hospital by U.S. News and World Report.”
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