Dallas-area LTAC hospitals shuffle locations
By: Paul Barr
From: www.modernhealthcare.com
Vibra Healthcare, Mechanicsburg, Pa., will transfer operations of its Dallas medical district long-term acute-care hospital to suburban Desoto, Texas, and LifeCare Hospitals of Dallas will relocate its LTAC operations to the Vibra location under the terms of a new dea
LifeCare Hospitals of Dallas, a 64-bed hospital that is part of for-profit LTAC chain LifeCare Hospitals, Plano, Texas, agreed to acquire select assets of 60-bed Vibra Specialty Hospital, Dallas, and will relocate to Vibra's location on Record Crossing Road later this year, according to a LifeCare news release (PDF). "The acquisition of the Vibra assets, our relocation in the medical district and our commitment to expand the capabilities in our new location is a reflection of our commitment to the Dallas area," said Jay Lindsey, CEO of LifeCare Hospitals of Dallas, in the news release.
Meanwhile, for-profit LTAC and rehabilitation chain Vibra announced that it plans to open a new LTAC facility with 40 licensed beds in Desoto, transferring assets from its Dallas operation in the process. "While we have been quite successful working with key referral sources in the Dallas medical district, we recognized it was a solid business opportunity to expand Vibra Healthcare in the rapidly growing market of southern Dallas County," said Vibra founder, Chairman and CEO Brad Hollinger in a news release.
The deal is subject to customary closing conditions and is expected to be complete before the end of the year, according to LifeCare.