Select Medical Partners with Ballad Health for New Hospital
Select Medical Announces Partnership with Ballad Health
Select Medical Corporation has recently taken a major step in patient care by signing a membership interest purchase agreement with Ballad Health. This strategic collaboration aims to jointly operate Select Specialty Hospital – Tri-Cities, a facility dedicated to critical illness recovery. The hospital will be relocated to Ballad Health's Indian Path Community Hospital, marking its transformation into a new hospital-in-hospital setup.
Details of the Joint Venture
Under this partnership, Select Medical will hold the majority ownership and assume the role of managing partner for the 46-bed hospital. Originally situated at Ballad Health's Bristol Regional Medical Center, the facility will make its move to Indian Path Community Hospital upon receiving regulatory approval. This strategic relocation is anticipated to enhance service delivery and improve patient outcomes significantly.
Commitment to Community Health
Tom Mullin, president of Select Medical, expressed the organization's longstanding commitment to fulfilling the region's post-ICU care needs. He stated, "We have served the growing post-ICU care needs of the region for more than 25 years. This partnership with Ballad Health will provide the opportunity to help even more critically ill patients heal and recover, allowing them to return to their families and community." This collaborative effort is not just about operating a hospital; it's about making a meaningful difference in patients' lives.
Ballad Health's Perspective
Marvin Eichorn, executive vice president and chief administrative officer at Ballad Health, emphasized the importance of this venture. He conveyed that the relocation reflects Ballad Health's commitment to delivering specialized care tailored to community needs. Through this collaboration, they can expand access to critical illness recovery services efficiently and effectively.
A Step Forward in Healthcare Services
Dr. Chad Couch, northern region president at Ballad Health, highlighted the significance of this move towards improving post-acute care. By relocating Select Specialty Hospital – Tri-Cities to Kingsport, the health system can better align services and ensure that patients receive the specialized care they require, all while being close to home.
Scope of Operations
Select Medical operates six additional critical illness recovery hospitals across Tennessee in cities such as Jackson, Knoxville, Memphis, Nashville, and Powell. This expansive network enhances their ability to address the healthcare needs of diverse communities within the state.
Overview of Ballad Health
Ballad Health stands as an integrated community health organization committed to improving health across 29 counties in the Appalachian Highlands. They manage 20 hospitals, behavioral health services, and a multi-specialty physician group that collaborates actively with local medical communities. Their goal is to serve nearly one million people while leading in value-based health initiatives.
About Select Medical
Ranked among the largest operators of critical illness recovery hospitals in the United States, Select Medical is dedicated to providing high-quality healthcare. As of March 31, 2025, they operated 104 critical illness recovery hospitals across 29 states, along with rehabilitation hospitals and outpatient clinics. Their widespread operations underscore their commitment to delivering exceptional care.
Frequently Asked Questions
What is the purpose of the partnership between Select Medical and Ballad Health?
The partnership aims to jointly operate a critical illness recovery hospital, enhancing care for patients in the region.
Where will the new hospital be located?
The Select Specialty Hospital – Tri-Cities will be relocated to Indian Path Community Hospital in Kingsport.
What benefits does the relocation bring?
The move aims to improve service delivery, enhance patient care experiences, and expand access to essential health services.
How long has Select Medical been operational?
Select Medical has been serving post-ICU care needs for more than 25 years.
What kinds of facilities does Select Medical operate?
Select Medical operates critical illness recovery hospitals, rehabilitation hospitals, and outpatient rehabilitation clinics throughout the United States.
About The Author
Contact Thomas Cooper privately here. Or send an email with ATTN: Thomas Cooper as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.
