HealthSouth Corporation (NYSE: HLS) and Novant Health, Inc., have formed a joint venture to file a Certificate of Need application to build a 68-bed, freestanding inpatient rehabilitation hospital in Winston-Salem, North Carolina. The Certificate of Need application requests that the rehabilitation unit currently located at the Novant Health Rehabilitation Center at 3333 Silas Creek Parkway in Winston-Salem be relocated to the newly constructed hospital, once complete.
Upon approval of the Certificate of Need, the joint venture plans to begin construction on the new hospital inWinston-Salem. The new hospital will provide comprehensive, inpatient physical rehabilitation to patients who have experienced stroke, trauma, brain injury, complex orthopedic conditions as well as other major illnesses or injuries.
"The joint venture with Novant Health – our first hospital in the State of North Carolina – is another milestone in our strategy of expanding HealthSouth's outreach to new markets," said Ed Mowen, president of HealthSouth's MidAtlantic region. "Novant Health has a long history of providing superior clinical care and we look forward to combining their existing services with our expertise in inpatient rehabilitation to provide the highest level of care to patients in North Carolina."
"We are continually reviewing patient needs in the communities we serve and have found that the demand for rehabilitative care is significantly increasing," said Stephen Motew, M.D., president of Novant Health Winston-Salem market. "This joint venture, which aligns with our mission, vision and core values, includes the latest in rehabilitative technology and state-of-the-art facilities that ensures our patients receive affordable, convenient and remarkable care for a variety of health needs."
About Novant Health
Novant Health is an integrated network of physician clinics, outpatient facilities and hospitals that delivers a seamless and convenient healthcare experience to our communities. Named in 2016 by Becker's Hospital Review as one of the nation's 150 best places to work in healthcare, Novant Health consists of more than 1,380 physicians and nearly 24,000 employees and provides care at 530 locations, including 14 medical centers and hundreds of outpatient facilities and physician clinics. Novant Health, headquartered in Winston-Salem, North Carolina, is committed to making healthcare remarkable for patients and communities, serving more than 4 million patients annually. In 2015, the health system provided more than $706 million in community benefit, including charity care and services. IMS Health named Novant Health as one of the nation's top 20 integrated delivery networks while Diversity MBA also recognized the organization as one of the 50 best places for women and managers of diverse background to work. For more information, please visit our website atNovantHealth.org. You can also follow us on Twitter and Facebook.
About HealthSouth
HealthSouth is one of the nation's largest providers of post-acute healthcare services, offering both facility-based and home-based post-acute services in 34 states and Puerto Rico through its network of inpatient rehabilitation hospitals, home health agencies, and hospice agencies. HealthSouth can be found on the web atwww.healthsouth.com.
