Kindred, a Louisville, Ky.-based post-acute-care provider, recently signed a definitive agreement to build and operate the facility with Dignity, a San Francisco-based health system that operates 35 hospitals. Kindred will own a slight majority in the venture and manage day-to-day operations.
This will be the duo's second joint venture. They also jointly operate a home health business in Southern California. The new hospital will be named Dignity Health Rehabilitation Hospital-East Valley, and is expected to open in the third quarter of 2016, pending regulatory and other approvals.
Kindred will add the facility to its two transitional-care hospitals, and home health, hospice and nonmedical home-care services in Phoenix. The provider expects to open a 120-bed transitional-care center in Phoenix in the second half of 2015, which will be licensed as a skilled-nursing facility. —Adam Rubenfire