Joint Venture Planning New Specialty Hospital

Joint Venture Planning New Specialty Hospital

Select Medical Corporation (Select Medical) and Lutheran Health Network of Indiana, LLC, announced the formation of a joint venture to expand inpatient rehabilitation and critical illness recovery care in Fort Wayne.

As part of the agreement, Lutheran Health Network will contribute its existing 36-bed Rehabilitation Hospital of Fort Wayne, 7970 W. Jefferson Blvd., to the joint venture. Additionally, the joint venture includes future plans to build a new specialty hospital that will provide both inpatient rehabilitation and critical illness recovery (licensed by the Centers for Medicare & Medicaid Services as long-term acute care) services. Select Medical will serve as the majority owner and managing partner.

A critical illness recovery hospital setting provides care for post-ICU patients who are medically stable but require a high level of continued complex care. Patients currently have to travel outside of the region to access this level of specialty care.

The Rehabilitation Hospital will continue to provide inpatient medical rehabilitative care for patients who have experienced a stroke, brain or spinal cord injury, amputation and other complex orthopedic conditions. The hospital has served the community for more than three decades, and in 2022 earned The Joint Commission’s Gold Seal of Approval® for Stroke Rehabilitation Certification by demonstrating continuous compliance with its performance standards.

“I am proud of the long history The Rehabilitation Hospital has had in providing outstanding inpatient medical care for patients, and I am also extremely gratified by our providers and team members’ commitment to our patients,” said Ryan Cassedy, The Rehabilitation Hospital chief administrative officer. “This joint venture between Lutheran Health Network and Select Medical will allow us to expand on what we do best – provide our patients with outstanding care.”

“We look forward to partnering with Lutheran Health Network to provide high quality specialty inpatient rehabilitative and critical illness recovery care in Fort Wayne and surrounding communities,” said Tom Mullin, Select Medical executive vice president of hospital operations. “The partnership also marks Select Medical’s first rehabilitation hospital in Indiana and a return of much needed critical illness recovery care in the region. Collectively, the joint venture further expands Select Medical’s state-wide continuum of post-acute care that currently includes three critical illness recovery hospitals and 40 outpatient rehabilitation centers.”

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Category Business Buzz, Health