MECHANICSBURG, PA, May 24, 2006 – Vibra Healthcare LLC announced today that it has entered into a definitive agreement to purchase a newly constructed 60-bed Long Term Acute Care Hospital (LTACH) in Dallas, Texas. Construction is nearing completion and the hospital is expected to open by September 1.
The hospital will operate as Vibra Specialty Hospital of Dallas. This state-of-the-art hospital features leading edge technology, an operationally efficient floor plan and user friendly amenities – all designed to enhance patient care and provide the optimal clinical platform for physicians and allied healthcare professionals.
Brad Hollinger, Founder, Chairman and CEO of Vibra Healthcare, stated that “The combination of our location, which is adjacent to the UT Southwestern Medical Complex, the need for a comprehensive LTACH clinical model and the strong support of the physician Medical Advisory Committee will serve well the growing needs of patients and families of the greater Dallas area. We are also fortunate to have a hospital leadership team with extensive experience in the greater Dallas healthcare market.
The opening of the Vibra Specialty Hospital of Dallas represents the advancement of our strategic initiative to develop and acquire specialty hospitals in markets where post-acute opportunities are strong. With the Dallas LTACH, the company will provide a seamless continuum of care for medically complex patients who require an extended hospital stay after their discharge from existing acute care hospitals in the market.”
Vibra Healthcare LLC is a specialty hospital provider based in Mechanicsburg, Pennsylvania, focused on the development, acquisition and operation of freestanding long-term acute care and medical rehabilitation hospitals. With the addition of the Dallas hospital, Vibra will operate nine hospitals with 600 beds in seven states.