Kindred Healthcare Opens Four Hospitals, Announces Plans for Two Additional Hospitals.LOUISVILLE, Ky. -- Kindred Healthcare, Inc. (the "Company") (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : KIND) today announced the opening of Kindred Hospital-Dayton in Dayton, Ohio, Kindred Hospital-St Louis-St. Anthony's in St. Louis, Missouri, Kindred Hospital-Las Vegas at Desert Springs Hospital Desert Springs Hospital is for-profit hospital owned and operated by Universal Health Services. This 286 bed hospital is located in Paradise, Nevada. History The hospital was founded in 1971. in Las Vegas, Nevada, and Kindred Hospital New Jersey-Rahway in Rahway, New Jersey. In addition, the Company announced plans to open a hospital-in-hospital ("HIH") in Ocala, Florida, and Oklahoma City, Oklahoma “OKC” redirects here. For the airport, see Will Rogers World Airport. Oklahoma City is the capital of the U.S. state of Oklahoma. The county seat of Oklahoma County, the city is the 30th largest city in the U.S. , to serve medically complex patients. Kindred Hospital-Dayton is a freestanding 67-bed long-term acute care ("LTAC") hospital located in the former Franciscan Medical Center. Kindred Hospital-St. Louis-St. Anthony's is a 38-bed HIH located within the campus of St. Anthony's Medical Center. The Company currently operates a freestanding LTAC hospital in St. Louis under the name Kindred Hospital-St. Louis. Kindred Hospital-Las Vegas at Desert Springs Hospital is a 40-bed HIH located within Desert Springs Hospital Medical Center and is operated in association with Universal Health Services Universal Health Services, Inc. NYSE: UHS is a Fortune 500 company based in King of Prussia, Pennsylvania. This company is one of the nation's largest health care management companies, operating acute care hospitals, behavioral health facilities and ambulatory centers , Inc. The Company currently operates two freestanding LTAC hospitals in Las Vegas under the names Kindred Hospital-Las Vegas Flamingo and Kindred Hospital-Las Vegas Sahara. Kindred Hospital New Jersey-Rahway is a 28-bed HIH located within Robert Wood Johnson University Hospital One of the nation’s leading academic medical centers, Robert Wood Johnson University Hospital provides state-of-the-art care across the full range of health care services. at Rahway. The Company has operated a pulmonary unit at this hospital since the fall of 2002. "We have had a great experience with Kindred over the last two years with the pulmonary unit," said Kirk C. Tice, president & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , RWJUH Rahway. "We look forward to Kindred operating an HIH in our facility." The new Ocala hospital will have 31 beds and will be located within Munroe Regional Medical Center Munroe Regional Medical Center is a 421-bed community hospital in Ocala, Florida. It is accredited by the Joint Commission on the Accreditation of Health Care Organizations (JCAHO) and has received a number of awards, including ranking among the 100 Top Cardiovascular Hospitals for , a 421-bed facility. This HIH is expected to open in the second quarter of 2005 after completion of renovations and the receipt of certain regulatory approvals. "For years patients in Ocala and the surrounding areas have had limited access to this specialized care because of distance," said Paul Clark, Senior Vice President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Munroe Regional Medical Center. "We are looking forward to removing this hardship by providing this needed service in the area." The new Oklahoma City hospital will have 34 beds and will be located on the St. Michael Campus of St. Anthony Hospital. This HIH will be operated in association with SSM Health Care SSM Health Care is a health care system that owns, manages and is affiliated with 20 acute care hospitals and two nursing homes in Missouri, Illinois, Wisconsin and Oklahoma. It is sponsored by the Franciscan Sisters of Mary and based in St. Louis, Missouri. of Oklahoma. This HIH is scheduled to open in the first quarter of 2005 after completion of renovations and the receipt of certain regulatory approvals. The Company currently operates a freestanding LTAC hospital in Oklahoma City under the name Kindred Hospital-Oklahoma City. "We are pleased about this new partnership with Kindred Healthcare," said Steve Hunter, President/CEO, SSM Health Care of Oklahoma. "Having Kindred on our St. Michael Campus will enhance the continuum of healthcare that we provide to the community." "These developments reflect our commitment to grow the Company through the development of freestanding hospitals and new hospitals-in-hospitals," said Paul J. Diaz, President and Chief Executive Officer of the Company. Kindred Healthcare, Inc. is a national healthcare services company operating hospitals, nursing centers, institutional pharmacies and a contract rehabilitation services business. |
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