HealthSouth Corporation today announced it has entered into a definitive agreement to purchase Sugar Land Rehabilitation Hospital, a 50-bed inpatient rehabilitation hospital at 1325 Hwy. 6.
“The acquisition of Sugar Land Rehabilitation Hospital extends HealthSouth’s outreach in the Houston market by providing high-quality, cost-effective inpatient rehabilitation care to patients in the southwest Houston and Fort Bend county areas,” said HealthSouth President and CEO Jay Grinney. “This is a terrific addition to our existing Houston-area network and further demonstrates HealthSouth’s commitment to disciplined growth and meeting the needs of patients requiring inpatient rehabilitative care.”
This announcement comes on the heels of HealthSouth acquiring Desert Canyon Rehabilitation Hospital in Las Vegas, Nev., and opening its newest hospitals: HealthSouth Rehabilitation Hospital of Northern Virginia, a 40-bed inpatient rehabilitation hospital in Loudoun County, Va., and The Rehabilitation Hospital of Southwest Virginia, a 25-bed hospital owned by a joint venture between Wellmont Health System and HealthSouth and managed by HealthSouth.
“HealthSouth has been privileged to serve patients in Texas since 1990 and we look forward to the addition of Sugar Land Rehabilitation Hospital to this network,” said Frank Brown, president of the Texas region for HealthSouth. “We are especially pleased to welcome the outstanding employees and physicians of Sugar Land Rehabilitation Hospital into our national family of rehabilitation professionals.”
The closing of the transaction is subject to normal closing conditions, certain state and federal regulatory approvals and is expected to take place late in the third quarter of 2010.
