STOCK TITAN

SELECT MEDICAL AND UPMC TO OPEN SATELLITE INPATIENT REHABILITATION HOSPITAL ON WEST SHORE

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags
Rhea-AI Summary

On July 10, 2024, Select Medical and UPMC announced the opening of the Helen M. Simpson Rehabilitation Hospital - West Shore in Q2 2025, a satellite acute inpatient rehabilitation hospital in Mechanicsburg, Pennsylvania. This 20-bed facility will address the growing demand for specialized rehabilitative care in the Central Pennsylvania West Shore region, offering advanced therapies for stroke, spinal cord and brain injuries, amputations, neurological disorders, and orthopedic conditions.

Located on the newly renovated fifth floor of UPMC West Shore, a 166-bed acute care hospital, the new facility aims to improve patient transition and continuity of care, leveraging Select Medical's rehabilitation expertise within UPMC's comprehensive healthcare services. This joint venture underscores the commitment to delivering world-class care and meeting regional healthcare needs.

Positive
  • Launch of a new 20-bed inpatient rehabilitation hospital in Q2 2025.
  • Enhanced patient care with a state-of-the-art therapy gym and advanced rehabilitation technologies.
  • Improved continuity of care and patient transition within UPMC's comprehensive healthcare system.
  • Joint venture with UPMC strengthens Select Medical's presence in Central Pennsylvania.
Negative
  • None.

Insights

The announcement of a new rehabilitation hospital in Central Pennsylvania by Select Medical and UPMC indicates a strategic response to the increasing demand for specialized inpatient rehabilitative care in the region. This joint venture aims to leverage the strengths of both entities, enhancing their market presence and capacity to serve patients with complex medical needs.

The location in Mechanicsburg is strategic, given the town's growing population and the rising need for localized healthcare services. Furthermore, the integration within UPMC West Shore's existing facilities ensures continuity of care, which is highly valued in patient recovery and can lead to better health outcomes.

From a financial standpoint, this initiative may bolster both Select Medical’s and UPMC’s revenue streams through improved patient retention and enhanced service offerings. Integrating advanced rehabilitation technologies demonstrates a forward-thinking approach, potentially attracting patients from a broader geographic area.

This move also positions both companies well against competitors by addressing a critical gap in specialized rehabilitation services. It aligns with broader industry trends towards patient-centered care and integrated health services, highlighting a commitment to quality and innovation.

Financially, the establishment of the Helen M. Simpson Rehabilitation Hospital - West Shore is significant for both Select Medical and UPMC. Joint ventures of this nature often share the costs and risks associated with new healthcare facilities, which can be substantial. By partnering, both companies reduce financial exposure while creating potential for shared revenue streams.

The planned opening in Q2 2025 suggests an optimistic outlook for patient demand and regional economic stability. The 20-bed facility, equipped with state-of-the-art technology, indicates a substantial capital investment that could yield long-term returns. It is imperative, however, to monitor the occupancy rates and the operational costs closely post-launch to ensure financial viability.

Moreover, the announcement showcases an ongoing expansion strategy by Select Medical in Central Pennsylvania, which can be appealing to investors looking for growth-oriented healthcare companies. This investment also underscores UPMC’s commitment to expanding its integrated care model, which can drive efficiencies and improve patient outcomes, ultimately contributing to the bottom line.

MECHANICSBURG, Pa., July 10, 2024 /PRNewswire/ -- Joint venture partners Select Medical and UPMC announced plans to open Helen M. Simpson Rehabilitation Hospital - West Shore in Q2 2025. A satellite of its namesake, the acute inpatient rehabilitation hospital will serve the needs of the growing Central Pennsylvania West Shore region. 

The 20-bed hospital-in-a-hospital will feature a state-of-the-art therapy gym and advanced rehabilitation technologies to treat patients recovering from stroke, spinal cord and brain injury, amputation, neurological disorders and orthopaedic conditions. 

"We continue to see an increasing demand for highly specialized inpatient rehabilitative care across Central Pennsylvania and are excited to partner with UPMC to meet the need and provide world-class care for West Shore communities," said Tom Mullin, president of Select Medical.

The rehabilitation hospital will be housed in the newly renovated fifth floor of UPMC West Shore on UPMC's growing West Shore campus located just off I-81 and the Carlisle Pike on Technology Parkway in Mechanicsburg. UPMC West Shore is a five-story, 166-bed acute care hospital with all private rooms that provides nationally accredited comprehensive cancer care, premier orthopaedic and spine care, the region's leading thoracic and surgical care, and a complement of multi-specialty outpatient services.

"By partnering with Select Medical to provide inpatient rehabilitation, we can ensure the best possible transition care for UPMC West Shore patients when they are discharged from the hospital setting to rehabilitation," said Elizabeth Ritter, president, UPMC Harrisburg, UPMC West Shore, and UPMC Community Osteopathic. "Providing inpatient rehabilitation negates the need for patients to be transferred to an off-site location and allows better continuity of care from their UPMC providers and increased collaboration with their rehabilitation care team from Select Medical."

In addition to the new satellite Helen M. Simpson hospital through the UPMC joint venture partnership, Select Medical also operates two inpatient rehabilitation and three critical illness recovery hospitals in Central Pennsylvania.

About UPMC
UPMC is a world-renowned, nonprofit health care provider and insurer committed to delivering exceptional, people-centered care and community services. Headquartered in Pittsburgh and affiliated with the University of Pittsburgh Schools of the Health Sciences, UPMC is shaping the future of health through clinical and technological innovation, research, and education. Dedicated to advancing the well-being of our diverse communities, we provide more than $1 billion every year in community benefits, more than any other health system in Pennsylvania. Our 100,000 employees — including more than 5,000 physicians — care for patients across 40 hospitals and 800 doctors' offices and outpatient sites in Pennsylvania, New York, and Maryland, as well as overseas. UPMC Insurance Services covers more than 4 million members with a focus on providing the highest-quality care at the most affordable price. To learn more, visit UPMC.com.

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, 2024, Select Medical operated 107 critical illness recovery hospitals in 28 states, 33 rehabilitation hospitals in 13 states, 1,922 outpatient rehabilitation clinics in 39 states and the District of Columbia, and 547 occupational health centers in 41 states. On March 31, 2024, Select Medical had operations in 46 states and the District of Columbia. Information about Select Medical is available at SelectMedical.com.

Media Contacts
For Select Medical: Shelly Eckenroth, seckenroth@selectmedical.com or 717-920-4035
For UPMC West Shore: Amber Depew, depewa2@upmc.edu or 717-460-6699

Cision View original content:https://www.prnewswire.com/news-releases/select-medical-and-upmc-to-open-satellite-inpatient-rehabilitation-hospital-on-west-shore-302193649.html

SOURCE SELECT MEDICAL CORPORATION

FAQ

When will the Helen M. Simpson Rehabilitation Hospital - West Shore open?

The Helen M. Simpson Rehabilitation Hospital - West Shore is scheduled to open in Q2 2025.

What specialized care will the new Helen M. Simpson Rehabilitation Hospital - West Shore provide?

The new hospital will offer specialized care for stroke, spinal cord and brain injuries, amputations, neurological disorders, and orthopedic conditions.

Where is the new Helen M. Simpson Rehabilitation Hospital - West Shore located?

The new hospital is located on the newly renovated fifth floor of UPMC West Shore in Mechanicsburg, Pennsylvania.

What is the bed capacity of the new Helen M. Simpson Rehabilitation Hospital - West Shore?

The new Helen M. Simpson Rehabilitation Hospital - West Shore will have a 20-bed capacity.

How will the joint venture between Select Medical and UPMC benefit patients?

The joint venture will ensure better continuity of care and patient transition from UPMC hospital settings to rehabilitation, enhancing collaboration and specialized care delivery.

SELECT MEDICAL HOLDINGS CORP

NYSE:SEM

SEM Rankings

SEM Latest News

SEM Stock Data

4.75B
130.02M
17.03%
78.34%
1.68%
Medical Care Facilities
Services-hospitals
Link
United States of America
MECHANICSBURG