Enola-based health care services company PAM Health, formerly Post Acute Medical, acquired 16 specialty hospitals from Curahealth and Nautic Partners.
PAM Health operates 60 long-term, acute-care hospitals and inpatient medical rehabilitation hospitals across 17 states. The new acquisition adds eight long-term, acute-care hospitals and eight inpatient rehabilitation hospitals to the company’s portfolio.
The hospitals are in Arizona, Texas, Colorado, Indiana, Florida, Oklahoma, Louisiana, Tennessee and Pennsylvania. They are expected to provide growth and strategic opportunities, according to the company, which said it will continue to employ many key staff members from the Curahealth organization.
“We look forward to adding these hospitals to our existing network of specialty hospitals,” says Anthony Misitano, chairman and CEO of PAM Health. “Several of the hospitals are in new markets for us, which allows us to expand the PAM Health network of care into new regions to better serve patients and families in those areas. We are confident they will provide strong opportunities for future growth, as we respond to each community’s need for healthcare services – a need that is increasing in the current healthcare environment.”
PAM Health intends to rename the hospitals under the company’s new branding.
Mechanicsburg-based Select Medical entered a joint venture partnership with Northwest Healthcare, a subsidiary of Community Health Systems, to acquire Curahealth Tucson, a 47-bed long-term acute care hospital.
Subject to regulatory approval, the transaction is expected to close early in the third quarter of this year.
In September, Select Medical and Northwest Healthcare plan to relocate the Curahealth Tucson hospital to the Northwest Transitions building, on the campus of Northwest Medical Center. Curahealth Tucson will be renamed Select Specialty Hospital – Tucson Northwest and managed by Select Medical, the majority owner.
“We are excited to partner with Northwest Healthcare to provide specialty care to high acuity patients in Tucson and surrounding communities,” Tom Mullin, Select Medical’s executive vice president and chief operating officer of specialty hospitals, said in a release.
He added that the partnership expands Select Medical’s post-acute care footprint in Arizona. That now includes three Select Specialty critical illness recovery hospitals (licensed as long-term acute care hospitals) and three inpatient rehabilitation hospitals, with a fourth under construction.
As of March 31, Select Medical operated 99 critical illness recovery hospitals in 28 states, 30 rehabilitation hospitals in 12 states, and 1,809 outpatient rehabilitation clinics in 37 states and the District of Columbia, according to the release. It had combined operations in 46 states and the District of Columbia and employed more than 48,000 people.