The joint venture consists of a partnership between Baylor Institute for Rehabilitation and Select Physical Therapy Texas that creates a regional rehabilitation network to serve the local community with comprehensive inpatient medical rehabilitation and outpatient physical rehabilitation care.
The joint venture encompasses two freestanding medical rehabilitation hospitals and 30 outpatient physical rehabilitation locations and manages three Baylor inpatient rehabilitation units. It will also provide therapy staffing services for Baylor acute-care hospitals in the Dallas-Fort Worth metroplex. The joint venture will provide services as a component of the Baylor Health Care System, and its daily operations will be managed by Kessler Rehabilitation Services, a Select Medical company.
VMG Health acted as the exclusive independent valuation advisor for the transaction.
Read the news release about the Baylor Health Care System and Select Medical joint venture.
Read other coverage about hospital joint ventures:
– Connecticut’s Saint Mary’s Hospital Forms Joint Venture with LHP
– Tennessee’s Saint Thomas Health Enters Joint Venture to Form $95M Imaging Network
