Encompass Health Corporation, formerly known as HealthSouth Corporation, and Premier Health have announced plans to build a 60-bed inpatient rehabilitation hospital in Dayton, Ohio. The Rehabilitation Institute of Ohio, a joint venture with Encompass Health, is expected to open in early 2020 on the campus of Miami Valley Hospital.
When the new hospital is complete and all regulatory approvals are obtained, Encompass Health’s HealthSouth Rehabilitation Hospital of Dayton will relocate to the new facility, and Premier Health will contribute its inpatient rehabilitation business located in its Miami Valley Hospital to the joint venture. Encompass Health will manage the joint venture hospital’s operations.
“We are excited for the opportunity to work collaboratively with a well-respected and top-notch healthcare provider like Premier Health as we share the same vision of providing high-quality care that is cost effective and delivers superior results,” said Troy DeDecker, president of Encompass Health’s central region. “Together, we can help the residents of southwest Ohio struggling with a variety of debilitating illnesses and injuries, so they can return to independent lives and the people and activities they love most.”
“Miami Valley Hospital has a great legacy of providing quality inpatient rehabilitation services for patients and families in southwest Ohio,” said Mike Maiberger, executive vice president and chief operating officer of Premier Health, and president of Miami Valley Hospital. “As we invest for the future, we expect this new hospital will create considerable value for our patients by delivering quality care efficiently. We’re pleased to be partnering with Encompass Health, which already has a presence in Dayton and brings a strong reputation for rehabilitative care to the project.”
The Rehabilitation Institute of Ohio is expected to represent a $27 million investment in the community. Through comprehensive rehabilitation services, the hospital will serve patients recovering from conditions including stroke and other neurological disorders, spinal cord injuries, brain injuries, complex orthopedic conditions and amputation.
The formation of the joint venture is subject to negotiation of definitive agreements and customary closing conditions, and the joint venture’s operation in the new location is subject to regulatory approvals.