LOUISVILLE, Ky. (April 16, 2013) — Kindred Healthcare, Inc. has signed an agreement to acquire the operations of Mercy Continuing Care Hospital, a 54-bed transitional care hospital in St. Louis, Mo.
Kindred is purchasing the hospital from SJMDHS, LCC, a partnership between Mercy and CHRISTUS Continuing Care. Kindred expects to complete the transaction in the third quarter of 2013, pending regulatory and other approvals. Terms of the transaction were not disclosed.
Kindred has signed a lease with Mercy to relocate the operations from the current location to Mercy Hospital St. Louis, an 80-acre, 979-bed healthcare campus that contains a heart and vascular hospital, a cancer center, a comprehensive children’s hospital, a surgery center and a skilled nursing center. Kindred expects to complete the relocation in the third quarter of 2013.
In the St. Louis market, Kindred currently operates two transitional care hospitals, one inpatient rehabilitation hospital and, through its RehabCare division, two hospital-based acute rehabilitation units.
“Expanding our hospital services in St. Louis allows us to continue growing our continuum of post-acute services, enabling us to better continue the care for our patients throughout a post-acute episode,” said Paul J. Diaz, Kindred’s chief executive officer.