Hospital & Healthcare Management / Healthcare News / 26th Oct. 2010 :-Vibra Healthcare, a national operator of specialty hospitals announced today that it has executed a definitive agreement for the purchase of Progressive Healthcare’s two Specialty Hospitals located in Boardman and Warren, Ohio. The hospitals will be known as Vibra Hospital of Mahoning Valley and Vibra Hospital of Mahoning Valley – Trumbull Campus.
Long Term Acute Care Hospitals (LTACHs) provide specialized acute and medical rehabilitative care to medically complex patients. LTACH patients are critically ill and/or have multi-system failures that require extended acute care treatment after discharge from a traditional acute care hospital, typically from the intensive care unit.
"We are pleased to add the Progressive Hospitals to the Vibra Healthcare network and the Boardman and Warren hospitals further our strategic objectives by providing Vibra an opportunity to gain market share in key states like Ohio. We look forward to developing market specific services to meet the unique needs of each healthcare community Progressive serves," stated Brad Hollinger, Founder, Chairman and CEO of Vibra Healthcare.
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 2 Ohio hospitals, Vibra will operate 33 hospitals and outpatient locations with over 1400 beds in nine states.
SOURCE Vibra Healthcare
