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RehabCare Finalizes Deal for Philadelphia Long-Term Acute Care Hospital
ST. LOUIS, MO and HOUSTON, TX, December 16, 2009, RehabCare Group, Inc. (NYSE: RHB) announced today it has received regulatory approval for the acquisition of St. Agnes Long-Term Care Hospital from Mercy Health System. The 58-bed long-term acute care hospital (LTACH), located at 1930 South Broad Street in the former St. Agnes Medical Center in Philadelphia, PA, will be operated by Triumph HealthCare, a RehabCare subsidiary. It is the 28th hospital in Triumph’s portfolio, which includes seven legacy RehabCare LTACHs now managed by Triumph, and its first in the Philadelphia market. RehabCare announced its merger with Triumph HealthCare in November.
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Triumph HealthCare Announces Merger With RehabCare Group, Inc.
The combined organization will represent the fourth largest post-acute hospital operator in the country.
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Triumph Hospital Lima Expands Services
Triumph Hospital Lima announced today the completion of a six month renovation project with the opening of their new Intermediate Care Unit. Triumph operates a twenty-six bed Long Term Acute Care (LTAC) "hospital within a hospital" on the 6th floor of St. Rita's Medical Center at 730 West Market Street. The newly renovated area will allow for all private rooms and includes the addition of a six bed Intermediate Care Unit.
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Triumph Healthcare to Acquire Philadelphia's St. Agnes Long Term Care Hospital
Triumph HealthCare, the nation's third largest provider of long term acute care (LTAC), today announced they will acquire St Agnes Long Term Care Hospital from Mercy Health System. The 58 bed LTAC hospital is located at 1930 South Broad Street in the former St. Agnes Medical Center in South Philadelphia. The deal, expected to close by mid December, will increase Triumph's hospital count to twenty-one.
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Triumph Hospital The Heights to Open Spring 2010
Houston based Triumph HealthCare, the nation’s third largest provider of long-term acute care (LTAC) services, today announced a new location to open in the Houston Heights. The new location, expected to begin accepting patients in April of 2010, will operate 42 private rooms to include a state of the art, fully licensed 10 bed Intensive Care Unit (ICU). Triumph’s 40,000 square foot hospital, located at 2600 26th Street, will occupy the fourth and fifth floors of this newly constructed building on the corner of Ella Blvd. directly behind Memorial Hermann Northwest Hospital.
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Triumph HealthCare to Acquire South Bend Indiana Long Term Acute Care Hospital
Triumph HealthCare, the nation’s third largest provider of long term acute care (LTAC), today announced they will acquire Our Lady of Peace Hospital from South Bend, Indiana based Saint Joseph Regional Medical Center. Our Lady of Peace is a 32 bed LTAC located on the fourth floor of Saint Joseph’s South Bend Campus. The deal, expected to close October 31, will increase Triumph’s hospital count to twenty-one.
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Triumph Hospital Amarillo Expands to Medical Center
Houston based Triumph HealthCare, the nation’s third largest provider of long-term acute care (LTAC) services, today announced expansion plans for their Amarillo hospital. The new location is expected to begin accepting patients as soon as some minor renovations are complete. The hospital will operate 64 private rooms to include a state of the art, fully licensed 7 bed Intensive Care Unit (ICU). The 63,000 square foot newly constructed building, formerly High Plains Hospital, will be located directly across from the Amarillo Medical Center on the corner of Wallace and Research Blvd.
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Triumph HealthCare to Acquire Memorial Hermann Continuing Care LTAC Hospital Operations
Triumph HealthCare, Houston’s largest provider of long-term acute care (LTAC), and Memorial Hermann, Texas’ largest not-for-profit healthcare system, today announced that Triumph will acquire Memorial Hermann Continuing Care Corporation’s LTAC operations. The deal, expected to close July 1, will further solidify Triumph HealthCare as the market leader in long-term acute care. Triumph and Memorial Hermann will also establish an affiliation under which the parties will work together on several fronts. Triumph will operate eleven hospitals in the Houston metropolitan area, totaling 769 beds.
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