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Select Medical announces joint venture with Cleveland Clinic

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Lower Allen Township-based Select Medical Corp. announced today that it has finalized an agreement to form a joint venture with Cleveland Clinic "to enhance inpatient rehabilitation services in Northeast Ohio and improve access for patients with complex rehab needs."

The two organizations said they will build a new 60-bed adult inpatient rehabilitation hospital in Avon, Ohio, next to Cleveland Clinic’s Avon medical campus. Construction is expected to begin this summer with the goal of opening in late 2015.

They have also entered into a management agreement, effective Aug. 1, 2014, to enhance operations in existing Cleveland Clinic rehabilitation facilities.

In addition, the venture will establish a residency program for physicians in physical medicine and rehabilitation.

The agreement is expected to expand Cleveland Clinic’s post-acute care capabilities by adding to existing home care, hospice and skilled nursing facility programming. Additionally, the joint venture will explore further opportunities to expand services locally, nationally and internationally with the goal of continuing to improve post-acute care options more broadly for patients.

“We recognize that the best way for patients to heal and recover is to have their rehabilitation close to their family,” said Dr. Robert Wyllie, chief medical operations officer of Cleveland Clinic. “This joint venture allows us to expand our services with a national leader in post-acute rehabilitation who has a proven record of partnering with academic medical centers, like Cleveland Clinic, to take care of the sickest patients.”

Select Medical has partnered with a number of academic medical centers, including Baylor Health System in Texas, Penn State Hershey Medical Center and both Cedars-Sinai and UCLA Health System in California.

“Between Cleveland Clinic's world-class reputation for excellence and our expertise in inpatient rehabilitation, there is terrific synergy between our two organizations,” said David S. Chernow, president and CEO of Select Medical.

The nonprofit Cleveland Clinic health system includes a main campus near downtown Cleveland, eight community hospitals and more than 75 Northern Ohio outpatient locations. In 2012, it had 5.1 million outpatient visits and 157,000 hospital admissions, with patients coming from every state and more than 130 countries.

Select Medical, founded in 1996, has become one of the nation's largest providers of specialized acute and post-acute care, with a network of nearly 32,000 employees.

Select trades its shares on the New York Stock Exchange under the ticker symbol SEM.

Heather Stauffer

Heather Stauffer

Heather Stauffer covers Lancaster County, nonprofits, education and health care. Have a tip or question for her? Email her at heathers@cpbj.com. Follow her on Twitter, @StaufferCPBJ.

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