Select Medical to Acquire Oklahoma-based Valir Rehabilitation Hospital

Rhea-AI Summary

Select Medical has announced a definitive agreement to acquire Valir Rehabilitation Hospital, a 50-bed inpatient rehabilitation facility in Oklahoma City, from Valir Health. The financial terms were not disclosed. This acquisition will expand Select Medical's presence in Oklahoma City, where it already operates a critical illness recovery hospital and 29 outpatient centers statewide.

Tom Mullin, president of Select Medical, emphasized the company's commitment to providing a full continuum of care for patients throughout their recovery journey. The acquisition aligns with Select Medical's strategy to meet the growing demand for inpatient rehabilitative care in the Oklahoma City area.

Positive

• Expansion of Select Medical's presence in the Oklahoma City market
• Addition of a 50-bed inpatient rehabilitation facility to Select Medical's portfolio
• Enhancement of Select Medical's full continuum of care offerings in the region
• Potential for increased market share in the growing Oklahoma City population

Negative

• None.

MECHANICSBURG, Pa., Sept. 4, 2024 /PRNewswire/ -- Select Medical Corporation ("Select Medical") today announced the signing of a definitive agreement to purchase Valir Rehabilitation Hospital, a 50-bed inpatient rehabilitation facility in Oklahoma City, from Valir Health.  Financial terms of the deal were not disclosed. 

"We are excited to bring best-in-class inpatient rehabilitative care to meet the demands of the growing Oklahoma City population," said Tom Mullin, president of Select Medical.  "We are already well-established in the market for post-ICU and outpatient care and are pleased that we can now offer patients our full continuum of care throughout their healing and recovery journey."    

Select Medical also owns and operates Select Specialty Hospital – Oklahoma City, a critical illness recovery hospital, in the market as well as 29 Select Physical Therapy outpatient centers throughout the state, including two in Oklahoma City. 

"Select Medical's commitment to excellence in rehabilitation services aligns with the values that have been the cornerstone of Valir's success," said Valir Health Chairman of the Board Jon Jiles.  "We believe that this transition will enhance the care and resources available to our patients. We look forward to working closely with Select Medical to ensure a seamless transition building on the legacy of exceptional care at Valir Rehabilitation Hospital."

About Valir Health
Valir Health, the parent company of Valir Rehabilitation Hospital, is a comprehensive healthcare provider offering a wide range of services dedicated to improving the health and well-being of the communities it serves. With a focus on patient-centered care, Valir Health provides innovative solutions in outpatient physical therapy, hospice care, inpatient rehabilitation, and PACE- Program of All-Inclusive Care for the Elderly. For more information, visit www.valir.com.

About Select Medical
Select Medical is one of the largest operators of critical illness recovery hospitals, rehabilitation hospitals, outpatient rehabilitation clinics, and occupational health centers in the United States based on number of facilities.   As of June 30, 2024, Select Medical operated 107 critical illness recovery hospitals in 29 states, 33 rehabilitation hospitals in 13 states, 1,925 outpatient rehabilitation clinics in 39 states and the District of Columbia, and 547 occupational health centers in 41 states. At June 30, 2024, Select Medical had operations in 46 states and the District of Columbia.  Information about Select Medical is available at www.selectmedical.com.

Media Contacts
For Select Medical: Shelly Eckenroth, seckenroth@selectmedical.com or 717-920-4035
For Valir Health: Kelli Adams, kadams@valir.com or 405-553-1553

View original content:https://www.prnewswire.com/news-releases/select-medical-to-acquire-oklahoma-based-valir-rehabilitation-hospital-302238080.html

SOURCE SELECT MEDICAL CORPORATION

FAQ

What is Select Medical (SEM) acquiring in Oklahoma City?

Select Medical (SEM) is acquiring Valir Rehabilitation Hospital, a 50-bed inpatient rehabilitation facility in Oklahoma City, from Valir Health.

How many beds does the Valir Rehabilitation Hospital have?

The Valir Rehabilitation Hospital that Select Medical (SEM) is acquiring has 50 beds.

What other facilities does Select Medical (SEM) operate in Oklahoma?

Select Medical (SEM) operates Select Specialty Hospital – Oklahoma City, a critical illness recovery hospital, and 29 Select Physical Therapy outpatient centers throughout Oklahoma, including two in Oklahoma City.

When did Select Medical (SEM) announce the acquisition of Valir Rehabilitation Hospital?

Select Medical (SEM) announced the signing of a definitive agreement to acquire Valir Rehabilitation Hospital on September 4, 2024.