STOCK TITAN

Select Medical Announces Plans to Build a New Critical Illness Recovery and Inpatient Rehabilitation Hospital to Serve Greater Orlando

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Negative)
Tags
Rhea-AI Summary

Select Medical announced plans to build a new 63-bed specialty hospital in Orlando, Florida, focusing on critical illness recovery and inpatient rehabilitation. The facility is expected to open in late 2024 and will cater to patients recovering from chronic, complex conditions and injuries, addressing a growing demand for post-ICU care in the region. With Florida's rapidly growing population and a significant percentage over 65 years old, the new hospital aims to enhance access to quality post-acute care. Currently, Select Medical operates two critical illness recovery hospitals in Orlando and multiple facilities across Florida.

Positive
  • New 63-bed facility in Orlando to enhance service capacity.
  • Addresses increasing demand for post-ICU and rehabilitation care in Central Florida.
  • Expected to strengthen Select Medical's market presence in a rapidly growing population segment.
Negative
  • None.

MECHANICSURG, Pa., March 20, 2023 /PRNewswire/ -- Select Medical today announced plans to build a new specialty hospital to include critical illness recovery and inpatient rehabilitative care in the Dr. Phillips suburb of Orlando, Florida.  The state-of-the-art, 63-bed facility will be located at 7450 Sand Lake Commons Blvd. in Orlando.  

"We have seen a tremendous growing need for post-ICU and inpatient rehabilitative care across the Central Florida region," said Tom Mullin, executive vice president of hospital operations at Select Medical. "Florida's population grew faster than anywhere else in the country in 2022, and more than 20 percent of the state's population is over 65. With that comes a demand for access to world-class post-acute care to help patients heal and recover from chronic, critical illness or catastrophic injury so they may return to quality of life and back to community."   

Select Medical currently operates two critical illness recovery hospitals (licensed as long-term acute care) in Orlando as well as 11 additional critical illness recovery hospitals and three inpatient rehabilitation hospitals and units throughout the state of Florida.    

Expected to open in late 2024, the new Select Specialty Hospital will serve patients recovering from chronic, medically-complex conditions and debilitating illnesses as well as injuries including stroke and other neurological disorders, brain injury, spinal cord injury, amputation and other orthopedic conditions.

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 December 31, 2022, Select Medical operated 103 critical illness recovery hospitals in 28 states, 31 rehabilitation hospitals in 12 states, and 1,928 outpatient rehabilitation clinics in 39 states and the District of Columbia. Concentra operated 540 occupational health centers in 41 states. At December 31, 2022, Select Medical had operations in 46 states and the District of Columbia. For more information, visit: www.selectmedical.com.

Media Contact
Shelly Eckenroth, seckenroth@selectmedical.com or 717-920-4035

Cision View original content:https://www.prnewswire.com/news-releases/select-medical-announces-plans-to-build-a-new-critical-illness-recovery-and-inpatient-rehabilitation-hospital-to-serve-greater-orlando-301775548.html

SOURCE Select Medical Corporation

FAQ

What is Select Medical's plan for Orlando in 2024?

Select Medical plans to open a new 63-bed specialty hospital in Orlando focused on critical illness recovery and inpatient rehabilitation.

When will the new Select Medical hospital in Orlando open?

The new Select Medical hospital in Orlando is expected to open in late 2024.

What services will the new Select Medical facility provide?

The new facility will provide care for patients recovering from chronic, medically complex conditions, including rehabilitation for stroke, brain injury, and spinal cord injury.

Why is the new hospital needed in Orlando?

The new hospital addresses the growing demand for post-ICU care in Central Florida, driven by an increasing elderly population.

How many facilities does Select Medical operate in Florida?

Select Medical currently operates two critical illness recovery hospitals and several other facilities throughout Florida.

SELECT MEDICAL HOLDINGS CORP

NYSE:SEM

SEM Rankings

SEM Latest News

SEM Stock Data

2.40B
105.96M
17.3%
78.97%
1.39%
Medical Care Facilities
Services-hospitals
Link
United States of America
MECHANICSBURG