Baylor Health Care System, Dallas, and Select Medical Corp., Mechanicsburg, Pa., announced they closed on a joint venture agreement to operate two freestanding rehabilitation hospitals, three inpatient Baylor rehab units and 30 outpatient rehab facilities in the Dallas-Fort Worth region.
Baylor Health, Select Medical clinch deal on joint venture
The joint venture will provide its services as a component of Baylor with operations managed by Kessler Rehabilitation Services, an affiliate of Kessler Institute for Rehabilitation, both of which are Select Medical companies, according to a joint news release. The venture also will provide therapy staffing services for Baylor hospitals in the region.
The deal was announced in August, and includes 92-bed Baylor Institute for Rehabilitation, Dallas, and a 44-bed freestanding rehabilitation hospital that was developed by Select Medical in Frisco, Texas, and opened in December.
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