Under the terms of the agreement, the center will be rebranded HealthSouth Rehabilitation Hospital of Gulfport. Memorial Hospital will maintain ownership interest in the facility.
Officials expect the joint venture to be effective in the second quarter of 2017, subject to necessary regulatory approval. Services provided at the center will continue as scheduled during the transition.
“Given the Medicare programs increasing emphasis on the standardization of rehabilitation services, we determined that a national partner will be in the best position to monitor ongoing regulatory actions, promote referral relationships throughout the region and attain the growth necessary for rehabilitation services to be viable over the long-term,” said Memorial Hospital President and CEO Gary Marchand.
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