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Mariner Post-Acute Network trims its sails.


Atlanta-based Mariner Mariner

Any of a series of unmanned U.S. space probes sent near Venus, Mars, and Mercury. Mariners 2 (1962) and 5 (1967) passed Venus within 22,000 mi (35,000 km) and 2,500 mi (4,000 km), respectively, and made measurements of temperature and atmospheric density.
 Post-Acute Network is spinning off the assets of its American Rehability Services division to HealthSouth Corporation and National Rehab Partners Inc.

American Rehability operates more than 200 outpatient clinics and hospital therapy departments. Birmingham, Alabama-based HealthSouth, the nation's largest provider of outpatient surgery Outpatient Surgery, also referred to as ambulatory surgery or same-day surgery, is surgery that does not require an overnight hospital stay. The term “outpatient” arises from the fact that surgery patients may go home do not need an overnight hospital  and rehabilitative re·ha·bil·i·tate  
tr.v. re·ha·bil·i·tat·ed, re·ha·bil·i·tat·ing, re·ha·bil·i·tates
1. To restore to good health or useful life, as through therapy and education.

2.
 health care services will acquire all of the outpatient assets in a cash transaction, the terms of which were not disclosed.

Nashville-based National Rehab Partners, a provider of rehabilitation rehabilitation: see physical therapy.  services to acute care hospitals and hospital systems, will get the hospital contracting business.

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 analyst James Kumpel says Mariner is following in Beverly's footsteps by focusing on its core nursing home business. "It's fundamentally a good business if you can manage your costs and keep your beds full," he says, adding, "It sounds like HealthSouth got it for a good price after receivables for about 10 times earnings."
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Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Contemporary Long Term Care
Date:Jun 1, 1999
Words:146
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