|By PR Newswire||
|August 31, 2012 12:00 PM EDT||
CAMP HILL, Pa., Aug. 31, 2012 /PRNewswire/ -- Post Acute Medical (the Company) today announced the purchase of Promise Hospital of San Antonio. Promise Hospital of San Antonio is a 26-bed Long-Term Acute Care Hospital (LTACH) located within the Southwest General Hospital. The facility will be renamed Warm Springs Specialty Hospital of San Antonio.
"This transaction is part of our strategic positioning in San Antonio and enables us to deliver a full spectrum of post-acute services. The ability to offer LTACH, Rehab, SNF, Outpatient and a Comprehensive Wound Care Center all in San Antonio truly provides our patients with a smooth transition of care for all post-acute services and makes for a better experience for the patient. We look forward to the opportunity to share best practices with the new team and to integrate them into our efforts to consistently improve outcomes for patients in need of the intensive level of care provided in an LTACH environment," said Anthony Misitano, President and Chief Executive Officer of Post Acute Medical.
The Company currently operates its flagship rehabilitation hospital, a 65-bed facility in the Medical Center along with the following rehab and LTACH beds in Texas: 34 rehabilitation beds in Thousand Oaks, 40 rehabilitation beds in Westover Hills, 40 LTACH beds in new Braunfels, 34 LTACH beds in Luling and 26 LTACH beds in Victoria. The addition of the newly acquired Promise LTACH beds completes the continuum of care offered by Warm Springs in the San Antonio market.
"The addition of Promise Hospital of San Antonio to the Warm Springs family offers a competitive edge and greater footprint in our medical service area," said Karen Pitcher, CEO of the Promise LTACH hospital, who will remain as CEO of Warm Springs Specialty Hospital of San Antonio. "We will be able to add new services and integrate into Warm Springs systems which will support us as our current employees continue to provide outstanding care."
According to Promise Healthcare Executive Vice President of Hospital Operations Richard Gold, there were many suitors for its San Antonio LTACH. "As a longtime healthcare provider in the San Antonio community with commitment to leadership in this intensive level of specialized acute hospital care, we are pleased to pass the baton to Post Acute Medical," said Gold who notes that Promise, which operates 13 hospitals in six states, is focusing the company's growth in its headquartered state of Florida with Certificates of Need (CONs) for two new locations currently under exploration/development.
About Post Acute Medical
Post Acute Medical, LLC, based in Camp Hill, Pennsylvania, provides post-acute healthcare including LTACHs, Rehabilitation Hospitals, Skilled Nursing, Outpatient Rehabilitation in nine (9) locations and an Assisted Living Brain Injury residential center. The Company is committed to providing high-quality patient care and outstanding customer service, coupled with loyalty and dedication of highly trained staff, to be the most trusted source for post-acute services in every community it serves.
Contact: Darlene Judy, Executive VP Business Development & Innovation, 214. 507. 2589 cell
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SOURCE Post Acute Medical