MECHANICSBURG, PA, April 18, 2008 – Vibra Healthcare, LLC announced today that it has executed definitive agreements for the acquisition of the Long Term Acute Care Hospital (LTACH) in southeastern Michigan, and expects to close on the acquisition on May 1, 2008. The 83 bed hospital will continue to operate as the largest free-standing LTACH in Michigan. It will be known as Vibra of Southeastern Michigan.
LTACHs provide specialized acute and rehabilitative care to medically complex patients. These patients are critically ill or have multi-systems complications or failures that require extended acute care treatment after discharge from a traditional acute care hospital, typically from the intensive care unit. Focused clinical care in the LTACH environment promotes high quality outcomes and offers cost-efficient treatment to patients who may be dependent on life support systems, such as feeding tubes, ventilators, dialysis, and respiratory and/or cardiac monitoring.
Brad Hollinger, Founder, Chairman and CEO of Vibra Healthcare, stated that “This Hospital has a long history of providing excellent patient care and is recognized for its clinical excellence. We are pleased to add this hospital to our growing family of specialty hospitals.”
The five story hospital building was recently renovated to accommodate private patient rooms. Don Yoder, Vibra’s chief development officer explained the company’s interest in the operation: “The large number of intensive care unit beds within several large health systems in the metropolitan area make Southeastern Michigan an obvious location for a large free standing LTACH. The private patient rooms, ample space for future growth and well trained clinical staff are extremely attractive to Vibra.”
Vibra has also indicated that it has formed a Medical Advisory Committee to engage its current and potential staff in identifying the needs of the surrounding healthcare community and assist in program development.
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 Michigan hospital, Vibra will operate fourteen free-standing hospitals with 900 beds in eight states.