MECHANICSBURG, Pa., July 3 Vibra Healthcare, LLC ("Vibra")announced today that it has completed the acquisition of two specialtyhospitals in Southern California. The acquisition included the ContinentalRehabilitation Hospital of San Diego (a 110-bed freestanding Long Term AcuteCare Hospital -- LTACH) and the Robert H. Ballard Rehabilitation Hospital inSan Bernardino, CA (a 60-bed freestanding Acute Rehabilitation Hospital).
Brad Hollinger, Founder, Chairman and CEO of Vibra Healthcare stated that,"The acquisition of the Continental and Ballard hospitals represent theadvancement of Vibra's strategy to acquire specialty hospitals in marketswhere post-acute opportunities are strong. The hospitals have a long historyof providing excellent patient care and are recognized for clinical excellence.With the addition of these hospitals, Vibra has 5 hospitals in California.Their locations are optimal for regional market penetration and capture ofadministrative economies of scale. We are pleased to add them to our familyof specialty hospitals."
Vibra Healthcare LLC is a specialty hospital provider based inMechanicsburg, Pennsylvania, focused on the development, acquisition andoperation of freestanding long-term acute care and acute medicalrehabilitation hospitals. With the addition of the two Southern Californiahospitals, Vibra operates sixteen freestanding hospitals with more than1200-beds in nine states.
SOURCE Vibra Healthcare, LLC