June 21, 2024

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Kindred Healthcare and Mercy acquire Everest Rehabilitation Hospital of Oklahoma City

Kindred Healthcare and Mercy Hospital Oklahoma Metropolis have acquired Everest Rehabilitation Hospital of Oklahoma Metropolis, the organizations declared now. Kindred and Mercy will run the medical center, now renamed Mercy Rehabilitation Hospital Oklahoma Metropolis South, by their existing joint undertaking. Fiscal phrases were not disclosed.
 
Mercy Rehabilitation Hospital Oklahoma Metropolis South is a 36-bed rehabilitation medical center situated in the southern element of Oklahoma Metropolis.
 
Kindred and Mercy also run Mercy Rehabilitation Hospital Oklahoma Metropolis, which opened in October 2012 and is situated in the northern element of the town. Mercy Rehabilitation Hospital Oklahoma Metropolis now has 50 beds and is including a 10,000-square-foot client wing that will boost potential by 32%, with sixteen added beds and two added client treatment areas.
 
Each Oklahoma Metropolis hospitals provide individuals recovering from stroke and other prolonged-term ailments or injuries and aspect specialized medical courses. 

Mercy Rehabilitation Hospital in northwest Oklahoma Metropolis often operates at or close to potential, which limits the means to extend providers or admit added individuals for essential rehabilitation treatment. The added beds beneath building at the northern locale, as nicely as the addition of a 2nd facility in southern Oklahoma Metropolis, will enable meet a increasing need for rehabilitation providers, the hospitals claimed Tuesday.

What is THE Impact

Mercy Rehabilitation Hospital Oklahoma Metropolis was named the very best physical rehabilitation center in Oklahoma and one particular of the very best in the nation by Newsweek magazine in 2020. 

Kentucky-dependent Kindred Healthcare is a specialty medical center corporation providing acute well being providers in prolonged-term acute treatment hospitals, inpatient rehabilitation hospitals, acute rehabilitation models and behavioral well being lines of business, all specializing in dealing with the most medically sophisticated individuals. 

Mercy, named one particular of the top rated five substantial U.S. well being programs for four consecutive decades by IBM Watson Health and fitness, serves millions per year.

THE Much larger Development

Considering the fact that 2015, global healthcare M&A has amplified in worth every single year other than for 2017, according to S&P International.

A Kaufman Corridor report from Q2 2020 also reported a dip in M&A exercise, but authorities think the pandemic may possibly be strengthening the rationale for upcoming partnerships.

“Even a lot more powerful than COVID appropriate now is the route of transformation healthcare was on,” claimed Anu Singh, handling director of mergers, acquisitions and partnerships at Kaufman Corridor, at the time. “There are new capabilities in well being programs, effectiveness all around bills and treatment management, and the migration to worth instead of volume. Strategic associates were searching for strategic associates pre-COVID, and that has continued.”

ON THE Record

“As an Oklahoman, I am honored to be element of increasing providers to a lot more individuals in Oklahoma Metropolis as we proceed to expand with Mercy,” claimed Sharon Smeltzer, Division Vice President – West, Kindred Hospital Rehabilitation Providers and the initial main executive officer of Mercy Rehabilitation Hospital. “This enlargement is achievable mainly because of the tough operate, determination and determination of our co-workers to giving substantial-excellent and compassionate rehabilitative treatment.”

“We know our individuals have to have access to a lot more rehab providers to help in their restoration and it’s important to us to be able to present a entire continuum of treatment at Mercy,” claimed Zack Dawson, vice president of operations and post-acute providers at Mercy Hospital Oklahoma Metropolis. “We’re enthusiastic these providers will before long be accessible for even a lot more individuals in a practical locale.”
 

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