HealthSouth Corporation (NYSE: HLS) today announced it has signed a letter of intent to acquire the 36-bed inpatient adult rehabilitation unit of CHRISTUS Santa Rosa Hospital – Medical Center. HealthSouth intends to relocate the unit into its existing inpatient rehabilitation hospital, HealthSouth Rehabilitation Institute of San Antonio (RIOSA). The purchase is expected to be finalized in approximately 30 days and is subject to customary closing conditions.
"The agreement between HealthSouth and CHRISTUS Santa Rosa Health System will provide a tremendous opportunity for both healthcare providers to focus on their core business," said Frank Brown, president of HealthSouth's southwest region. "HealthSouth is delighted to continue to offer high-quality inpatient rehabilitation services in a hospital setting and we look forward to working with CHRISTUS Santa Rosa Health System to provide for the healthcare needs of the San Antonio community."
No interruptions to patient care are expected during the transition to the new ownership. HealthSouth RIOSA, a 108-bed inpatient rehabilitation hospital, will be able to accommodate the additional patients with a continued focus on high-quality inpatient rehabilitation services. HealthSouth currently plans to add additional hospital employees to accommodate the expected increase in patients due to the consolidation. HealthSouth and CHRISTUS Santa Rosa Health System will work diligently to identify potential opportunities for current associates of the inpatient adult rehabilitation unit.