MECHANICSBURG, Pa., Sept. 4,
2024 /PRNewswire/ -- Select Medical Corporation
("Select Medical") today announced the signing of a definitive
agreement to purchase Valir Rehabilitation Hospital, a 50-bed
inpatient rehabilitation facility in Oklahoma City, from Valir Health.
Financial terms of the deal were not disclosed.
"We are excited to bring best-in-class inpatient rehabilitative
care to meet the demands of the growing Oklahoma City population," said Tom Mullin, president of Select Medical.
"We are already well-established in the market for post-ICU and
outpatient care and are pleased that we can now offer patients our
full continuum of care throughout their healing and recovery
journey."
Select Medical also owns and operates Select Specialty Hospital
– Oklahoma City, a critical
illness recovery hospital, in the market as well as 29 Select
Physical Therapy outpatient centers throughout the state, including
two in Oklahoma City.
"Select Medical's commitment to excellence in rehabilitation
services aligns with the values that have been the cornerstone of
Valir's success," said Valir Health Chairman of the Board Jon
Jiles. "We believe that this transition will enhance the care
and resources available to our patients. We look forward to working
closely with Select Medical to ensure a seamless transition
building on the legacy of exceptional care at Valir Rehabilitation
Hospital."
About Valir Health
Valir Health, the parent company of
Valir Rehabilitation Hospital, is a comprehensive healthcare
provider offering a wide range of services dedicated to improving
the health and well-being of the communities it serves. With a
focus on patient-centered care, Valir Health provides innovative
solutions in outpatient physical therapy, hospice care, inpatient
rehabilitation, and PACE- Program of All-Inclusive Care for the
Elderly. For more information, visit www.valir.com.
About Select Medical
Select Medical is one of the
largest operators of critical illness recovery hospitals,
rehabilitation hospitals, outpatient rehabilitation clinics, and
occupational health centers in the United
States based on number of facilities. As of
June 30, 2024, Select Medical
operated 107 critical illness recovery hospitals in 29 states, 33
rehabilitation hospitals in 13 states, 1,925 outpatient
rehabilitation clinics in 39 states and the District of Columbia, and 547 occupational
health centers in 41 states. At June 30,
2024, Select Medical had operations in 46 states and the
District of Columbia. Information about Select Medical is
available at www.selectmedical.com.
Media Contacts
For Select Medical: Shelly Eckenroth, seckenroth@selectmedical.com
or 717-920-4035
For Valir Health: Kelli Adams,
kadams@valir.com or 405-553-1553
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SOURCE SELECT MEDICAL CORPORATION
