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Wellmont, HealthSouth Form Joint Venture to Open a New Rehabilitation Hospital in Southwest Virginia
Date:9/8/2009

BRISTOL, Va. and BIRMINGHAM, Ala., Sept. 8 /PRNewswire-FirstCall/ -- Wellmont Health System and HealthSouth Corporation (NYSE: HLS) today announced that a joint venture entity formed by the two parties has been awarded a certificate of public need (COPN) to open a new inpatient rehabilitation hospital in Bristol, Va. The 25-bed hospital will enable more patients in Bristol and throughout Southwest Virginia to have access to comprehensive, high-quality rehabilitative services.

Called The Rehabilitation Hospital of Southwest Virginia, the new hospital will be owned by the Wellmont/HealthSouth joint venture and managed by HealthSouth, the nation's largest provider of inpatient rehabilitative healthcare services.

A construction project will begin in the first quarter of 2010 to renovate 20,000 square feet of a building located at 103 North St. This state-of-the-art rehabilitation hospital will include 17 private rooms, four semi-private rooms, a spacious, on-site therapy gym and cutting-edge rehabilitation technologies and share a campus with Wellmont's Ridgeview Pavilion. Once fully operational in the summer of 2010, the hospital is expected to generate approximately 50 new jobs. The development of The Rehabilitation Hospital of Southwest Virginia represents a $4.5 million investment in the community.

"This is a great day for Wellmont and HealthSouth, and most of all it's a great day for people in the region we serve," said Bart Hove, president of Bristol Regional Medical Center. "Wellmont is a leading provider of healthcare services throughout the region, and HealthSouth is the nation's preeminent provider of rehabilitative care. This partnership will ensure that patients have a seamless continuum of care. They'll have access to the highest level of acute
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SOURCE HealthSouth Corporation
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