HealthSouth Corporation (NYSE: HLS) and Midland Health today announced they have entered into a joint venture to own and operate HealthSouth Rehabilitation Hospital of Midland/Odessa, an existing 60-bed physical rehabilitation hospital owned by HealthSouth.
The inpatient rehabilitation hospital will remain in its current location at 1800 Heritage Boulevard in Midland, Texas. There will be no interruption or operational changes to the high-quality care provided to patients. The hospital will continue to serve patients who have experienced stroke, trauma, brain and orthopedic injuries and other major illnesses or injuries.
"We look forward to a partnership with Midland Health," said Frank Brown, president of HealthSouth's southwest region. "This joint venture will uniquely position HealthSouth Rehabilitation Hospital ofMidland/Odessa to continue its well-known and respected legacy as a premier provider of comprehensive medical services long into the future."
"As Midland Health continues to grow into a comprehensive, well-coordinated local healthcare system, partnerships like these will be more important than ever as we strive to provide the best and most consistent care to our neighbors," said President and CEO of Midland Health, Russell Meyers. "Working toward better coordination and greater procedural and operational consistency between the hospital, physician practices and post-acute rehabilitation services, will prove to play an integral role in our vision of making Midland the healthiest community in Texas."
About Midland Health
Midland Health is system of healthcare providers in Midland, Texas, with Midland Memorial Hospital at the center of their operations. Since 1950, Midland Memorial Hospital has exemplified excellence in patient care, medical education and community service. The mission and vision to lead healthcare for greater Midland and make Midland the healthiest community in Texas was established with the creation of Midland Health in 2014, expanding the healthcare footprint and impact through a coordinated system of providers. As Midland Memorial Hospital, a not-for-profit entity, drives much of the work, the guiding principles behind Midland Health show a commitment to improving the community by reinvesting volunteered time and finances into the health of westTexas.
About HealthSouth
HealthSouth is one of the nation's largest providers of post-acute healthcare services, offering both facility-based and home-based post-acute services in 34 states and Puerto Rico through its network of inpatient rehabilitation hospitals, home health agencies, and hospice agencies. HealthSouth can be found on the web atwww.healthsouth.com.
