CAMP HILL, Pa., July 11, 2013 /PRNewswire/ — Post Acute Medical today announced its joint venture with Seton Healthcare Family to build and operate a 40-bed inpatient rehabilitation hospital located at 5980 Kyle Parkway in Kyle, Texas. The hospital will be named Warm Springs Rehabilitation Hospital of Kyle and will carry the tag line “A Seton Healthcare Family partner with Post Acute Medical”. The hospital will be located on the southwest corner of Kyle Parkway and Philomena Drive, across from the Seton Medical Center Hays campus. The two-story, 54,500 square foot rehabilitation hospital will offer 40 private rooms with the latest rehabilitation technology and highly skilled rehabilitation nurses, therapist and physicians. The hospital will specialize in rehabilitation for stroke, brain injury, spinal cord injury, amputation, major trauma, movement disorders and orthopedic conditions. A groundbreaking ceremony is planned for the morning of July 15th at 10 CDT.
“The joint venture is a perfect fit given Seton Hays’ growth and the market dominance Post Acute Medical has with its Warm Springs Rehabilitation & LTAC facilities in Luling, New Braunfels, San Antonio and Victoria. Together we can achieve clinical integration and a more seamless care delivery system which results in excellent patient care as well as optimal preparation for accountable care,” according to Anthony Misitano, President and CEO of Post Acute Medical.
“Health care will change dramatically in the years ahead, with Seton working with patients so they recuperate in a lower-cost rehabilitation hospital or at home instead of in more costly acute hospital beds,” said Tom Gallagher, President and CEO, Seton Ventures and Alliances. “Our partnership with Post Acute Medical is a significant step in Hays County toward reducing health care costs.”
The financing closed on the capitalization for the project on May 3, 2013 at a cost of $16M. Equity funding partners are MedProperties Holdings, LLC and Trivant Healthcare, LLC with American National Bank of Texas providing the debt. The construction is planned to begin in July and to be completed in June of 2014. Construction services are being provided by Hill & Wilkinson General Contractors with design services by GSR – Andrade Architects, Inc.
“Avail Healthcare Ventures is honored to partner with the Seton Healthcare Family and Post Acute Medical in order to provide such a critical community service,” says Michael Graham, Principal. “Seton’s continued efforts to care for and improve the health of those it serves will be complimented by Post Acute Medical’s specialized approach to physical medicine.”
About Post Acute Medical
Post Acute Medical, LLC, (PAM) based in Camp Hill, Pennsylvania, operates eighteen facilities in four states. PAM provides post-acute healthcare services including long term acute care, inpatient rehabilitation, skilled nursing, outpatient physical rehabilitation and assisted living brain injury. PAM is committed to providing high quality patient care and outstanding customer service, coupled with loyalty and dedication of highly trained staff, to be the most trusted source for post-acute services in every community it serves.