Select Medical and ShorePoint Venice Health Partner to Bring Critical Illness Recovery and Inpatient Rehabilitation Post-Acute Care to South Sarasota County

Rhea-AI Summary

Select Medical and ShorePoint Health Venice announced a joint venture to operate a critical illness recovery and inpatient rehabilitation hospital in Venice, Florida. The new facility, branded Select Specialty Hospital – Venice, will feature 25 critical illness recovery beds and 28 inpatient rehabilitation beds. Renovations are set to begin this summer, with an anticipated opening in Q1 2023. This partnership aims to enhance specialty care for high acuity patients in the region and expands Select Medical’s presence in Florida, where it currently operates 12 critical illness recovery hospitals and 2 rehabilitation hospitals.

Positive

• Formation of a joint venture to operate a new hospital, expanding critical illness recovery and rehabilitation services.
• Select Medical to serve as the majority owner and managing partner, enhancing its operational footprint in Florida.
• Facility will offer 25 critical illness recovery beds and 28 inpatient rehabilitation beds, addressing the growing need for specialized care.

Negative

• None.

MECHANICSBURG, Pa. and VENICE, Fla., June 13, 2022 /PRNewswire/ -- Select Medical and ShorePoint Health Venice, a subsidiary of Community Health Systems, today announced the formation of a joint venture partnership to operate a combined critical illness recovery (licensed as long-term care) and inpatient rehabilitation hospital in Venice, Florida.  The new hospital will be located on the third and fourth floors of ShorePoint Health Venice and branded Select Specialty Hospital – Venice.  Select Medical will serve as the majority owner and managing partner. 

"We look forward to partnering with ShorePoint Health Venice to address the growing need for specialty care among high acuity patients in Venice and surrounding communities," said Tom Mullin, executive vice president of hospital operations at Select Medical.  "This joint venture also further expands Select Medical's post-acute care footprint in Florida, which currently includes 12 Select Specialty critical illness recovery and two inpatient rehabilitation hospitals."   

Select Specialty Hospital – Venice will include 25 critical illness recovery beds, and 28 beds dedicated to inpatient rehabilitation.  Renovation construction will begin this summer with an expected opening in Q1 2023. 

"Through this joint venture, patients will transition more effectively to specialized care after their immediate acute care needs have been met," said Kelly Enriquez, chief executive officer for ShorePoint Health Venice. "Select Medical's expertise in operating critical illness recovery and inpatient rehabilitation hospitals will complement the acute care services ShorePoint Health Venice provides, allowing for improved health outcomes for our patients."

About ShorePoint Health Venice
ShorePoint Health Venice is a 312-bed, acute care hospital providing a comprehensive array of healthcare services to the greater Venice area.  The hospital, and its affiliated ShorePoint Medical Group clinics, provide high quality health care that is accessible to residents and visitors across Central and South Sarasota County.  Services include cardiac, stroke, orthopedic, metabolic, open-heart and advanced surgery, wound care, women's care, and interventional radiology.

About Select Medical
Select Medical is one of the largest operators of critical illness recovery hospitals, rehabilitation hospitals, outpatient rehabilitation clinics, and occupational health centers in the United States based on number of facilities. As of March 31, 2022, Select Medical operated 105 critical illness recovery hospitals in 28 states, 30 rehabilitation hospitals in 12 states, and 1,901 outpatient rehabilitation clinics in 38 states and the District of Columbia. Concentra operated 518 occupational health centers in 41 states. At March 31, 2022, Select Medical had operations in 46 states and the District of Columbia. Information about Select Medical is available at www.selectmedical.com.

Media Contacts
Select Medical: Shelly Eckenroth, 717-920-4035 or seckenroth@selectmedical.com
SharePoint Health Venice: Danielle Gagliano, 864-325-1350

View original content:https://www.prnewswire.com/news-releases/select-medical-and-shorepoint-venice-health-partner-to-bring-critical-illness-recovery-and-inpatient-rehabilitation-post-acute-care-to-south-sarasota-county-301565821.html

SOURCE Select Medical Corporation

FAQ

What is the purpose of the joint venture between Select Medical and ShorePoint Health Venice?

The joint venture aims to operate a critical illness recovery and inpatient rehabilitation hospital to improve specialty care for high acuity patients in Venice, Florida.

When is the expected opening date for Select Specialty Hospital – Venice?

The hospital is expected to open in Q1 2023 following renovation construction starting in summer 2022.

How many beds will the new Select Specialty Hospital – Venice have?

The hospital will feature 25 critical illness recovery beds and 28 inpatient rehabilitation beds.

How does this joint venture affect Select Medical's presence in Florida?

This joint venture expands Select Medical's post-acute care footprint in Florida, where it currently operates multiple critical illness recovery and rehabilitation hospitals.

Who will manage the new hospital in the joint venture?

Select Medical will be the majority owner and managing partner of Select Specialty Hospital – Venice.