Joint venture will operate a 40-bed hospital in southern suburb of
LOUISVILLE, Ky. & INDIANAPOLIS--(BUSINESS WIRE)--Aug. 1, 2017--
Kindred Healthcare, Inc. (“Kindred”) (NYSE:KND) today announced plans to
convert Kindred Hospital Indianapolis South, an existing 60-bed
long-term acute care (“LTAC”) hospital, into a 40-bed inpatient
rehabilitation hospital in partnership with Community Health Network
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The new inpatient rehabilitation hospital will care for adults
recovering from conditions such as stroke, neurological disease, injury
to the brain or spinal cord, and other long-term illnesses or injuries.
The hospital will feature specialized clinical programs including a
dedicated brain injury unit for patients suffering from trauma-related
neurological conditions. Kindred will manage the day-to-day operations
of the new hospital.
Subject to several regulatory and other approvals, Kindred and Community
expect the inpatient rehabilitation hospital to open in the first
quarter of 2018. Located in Greenwood, a suburb of Indianapolis, the
hospital is expected to be a regional rehabilitation destination for
patients across central and southern Indiana.
This will be the third joint venture partnership between Kindred and
Community. The healthcare providers currently jointly operate both
Community Rehabilitation Hospital in Northeast Indianapolis and
Community Howard Specialty Hospital in Kokomo, Indiana. The new hospital
will be called Community Rehabilitation Hospital South and will be
modeled after Community Rehabilitation Hospital in Northeast
Following the conversion of Kindred Hospital Indianapolis South, Kindred
will continue to operate two LTAC hospitals in the Indianapolis market –
Kindred Hospital Indianapolis North and Kindred Hospital Indianapolis.
Additionally, Kindred provides home health and hospice services
throughout the greater Indianapolis market.
“We are constantly evaluating our portfolio and looking for
opportunities to reposition our assets so we can provide services more
efficiently and effectively to meet our patients’ needs,” said Benjamin
A. Breier, Kindred’s President and Chief Executive Officer. “The
conversion of one of our three LTAC hospitals into an inpatient
rehabilitation hospital significantly expands our rehabilitation service
offerings and positions Kindred to best serve rehabilitation patients in
the local community. In addition, it advances our LTAC criteria strategy
by consolidating operations into our two remaining LTACs where we have
the capacity to serve the needs of medically complex patients for the
“Community Health Network has been a great partner and we are pleased
that we can work with them to enhance their rehabilitation services,”
said Jason Zachariah, President of Kindred Rehabilitation Services, a
division of Kindred. “This quality-focused collaboration with a leading
healthcare system will deliver the kind of excellent care that improves
patients’ lives and enables our inpatient rehabilitation business to
continuously outperform peers in key clinical measures.”
“We are thrilled to once again partner with Kindred to provide
exceptional rehabilitative care to those patients who need it,” said
Jason Fahrlander, Executive Vice President and President of Acute Care
Services for Community Health Network. “This new hospital allows us to
further our goal of providing convenient access to specialized
post-acute care to help improve the lives of individuals in this region.”
About Kindred Healthcare
Kindred Healthcare, Inc., a top-90 private employer in the United
States, is a FORTUNE 500 healthcare services company based in
Louisville, Kentucky with annual revenues of approximately $7.2 billion(1).
At March 31, 2017, Kindred through its subsidiaries had approximately
100,100 employees providing healthcare services in 2,624 locations in 46
states, including 82 LTAC hospitals, 19 inpatient rehabilitation
hospitals, 91 nursing centers, 19 sub-acute units, 619 Kindred at Home
home health, hospice and non-medical home care sites of service, 101
inpatient rehabilitation units (hospital-based) and contract
rehabilitation service businesses which served 1,693 non-affiliated
sites of service. Ranked as one of Fortune magazine’s Most Admired
Healthcare Companies for eight years, Kindred’s mission is to promote
healing, provide hope, preserve dignity and produce value for each
patient, resident, family member, customer, employee and shareholder we
serve. For more information, go to www.kindredhealthcare.com.
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(1) Revenues for the last twelve months ended March 31, 2017.
About Community Health Network
Ranked among the nation’s most integrated healthcare systems, Community
Health Network is Central Indiana’s leader in providing convenient
access to exceptional healthcare services, where and when patients need
them—in hospitals, health pavilions and doctor’s offices, as well as
workplaces, schools and homes. As a non-profit health system with over
200 sites of care and affiliates throughout Central Indiana, Community’s
full continuum of care integrates hundreds of physicians, specialty and
acute care hospitals, surgery centers, home care services, MedChecks,
behavioral health and employer health services. To learn more, visit eCommunity.com
or call 800-777-7775.
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Source: Kindred Healthcare, Inc.
Kindred Healthcare, Inc.
Susan E. Moss, 502-596-7296
Vice President, Marketing and Communications
Kris Kirschner, 317-621-7073
and Media Relations Strategist