Vibra Healthcare Acquires Complex Care Hospital of Idaho -- MECHANICSBURG, Pa., June 11, 2013 /PRNewswire/ --
Jun 11, 2013
Vibra Healthcare Acquires Complex Care Hospital of Idaho
Leader in critical care hospitals and acute medical rehabilitation hospitals acquires Complex Care Hospital of Idaho and changes name to Vibra Hospital of Boise
MECHANICSBURG, Pa., June 11, 2013 /PRNewswire/ -- Vibra Healthcare, LLC ("Vibra" or "Company"), an owner and operator of Long Term Acute Care (LTAC) hospitals and Inpatient Rehabilitation Hospitals (IRF) throughout the country has completed the acquisition through an affiliate, Vibra Hospital of Boise, LLC, of the Complex Care Hospital of Idaho ("CCHI"). CCHI was a wholly-owned subsidiary of LCI Holdco, LLC the parent company of LifeCare Holdings, Inc., of Plano, Texas. Vibra previously announced in April 2013 that under an interim management agreement through an affiliate, Vibra Hospital of Boise, LLC, the Company assumed day-to-day operations of CCHI following Bankruptcy Court and regulatory approval. Subsequently, Vibra received approval to acquire substantially all of the assets of CCHI and the continued employment of CCHI's employees, effective June 1, 2013 and has renamed the CCHI hospital, Vibra Hospital of Boise. "We are pleased to add the Vibra Hospital of Boise to our network of specialty hospitals. Throughout Vibra's interim management of the hospital we have been working diligently to ensure exceptional care for our patients, their families and to provide a seamless transition for our new employees. To further our strategic growth objectives we will offer market specific programs and services to meet the unique and complex needs in Boise and each healthcare community Vibra serves," stated Brad Hollinger, Founder, Chairman and CEO of Vibra Healthcare. "Vibra is committed to working closely with local and regional providers to ensure patients and their families receive the very best in patient care and family support. "
About Vibra Healthcare, LLC
Vibra Healthcare, LLC is a specialty hospital provider based in Mechanicsburg, Pa that is focused on the development, acquisition and operation of freestanding Critical Care Hospitals (LTAC), Inpatient Acute Rehabilitation Hospitals (IRF) and outpatient physical rehabilitation centers. Teams of highly trained specialists lead clinical programs at Vibra's specialty hospitals for medically complex patients who suffer from complex orthopedic, neurologic, stroke, multiple trauma, cardiac and respiratory conditions. Vibra and its affiliates currently employ over 5,000 employees and own and operate over 50 specialty hospitals and outpatient rehabilitation locations including 35 LTAC's and IRF's in 12 states. For additional information about Vibra Healthcare and its network of specialty hospitals please visit our website at http://www.vibrahealthcare.com . SOURCE Vibra Healthcare, LLC