Transactions - MAY 4, 2021

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Groups sign healthcare infrastructure JV in Georgia

by Released

Encompass Health Corp. and Piedmont Healthcare have executed a joint venture agreement to operate inpatient rehabilitation hospitals in Georgia.

In Columbus, Ga., the joint venture will construct a new 40-bed, freestanding inpatient rehabilitation hospital near the Piedmont Columbus Regional Northside Campus. The 40-bed Atlanta location will be built inside of the Piedmont Atlanta Hospital.

Both new Georgia hospitals are expected to begin providing inpatient rehabilitation services beginning 2023.

In addition, Piedmont Healthcare will assume partial ownership of Encompass Health Rehabilitation Hospital of Newnan in Georgia, a 60-bed inpatient rehabilitation hospital opened by Encompass Health in December 2014. This is expected to take effect in June.

These additions will bring the partnership's inpatient rehabilitation hospital count to four.

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