Select Medical and Banner Health – JV of inpatient rehabilitation and PT

A recent affiliation was announced between Select Medical, a national provider of rehabilitation services and Banner Health, a health system based in Arizona.  The deal will consolidate almost forty inpatient rehab and physical therapy locations into a new entity which will be majority owned by Banner and will be managed by Select.

Additionally, new facilities will be built including three inpatient rehab facilities.  Many hospitals have found post-acute care management to be extremely difficult and have sought to divest certain assets, or in this case contribute them to a joint venture with a strong national operator.

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