{"id":1004228025,"date":"2018-05-08T22:51:14","date_gmt":"2018-05-09T06:51:14","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004228025"},"modified":"2022-12-08T20:04:29","modified_gmt":"2022-12-09T04:04:29","slug":"jv-acquires-inpatient-rehab-hospital-outside-austin","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jv-acquires-inpatient-rehab-hospital-outside-austin\/","title":{"rendered":"JV Acquires Inpatient Rehab Hospital Outside Austin"},"content":{"rendered":"<p>By Anca Gagiuc<\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/healthcare-news-02-1.png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" data-attachment-id=\"1004228028\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/jv-acquires-inpatient-rehab-hospital-outside-austin\/healthcare-news-02-1\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/healthcare-news-02-1.png\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"healthcare news 02 (1)\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/healthcare-news-02-1.png?w=800\" loading=\"lazy\" class=\"alignright wp-image-1004228028 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/healthcare-news-02-1.png\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/healthcare-news-02-1.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/healthcare-news-02-1.png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/healthcare-news-02-1.png?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>The joint venture comprising Baylor Scott &amp; White Health and Select Medical has expanded into the Austin, Texas, area with the acquisition of a 36-bed inpatient <a href=\"https:\/\/www.commercialsearch.com\/news\/everest-rehabilitation-hospitals-to-build-ok-medical-facility\/\">rehabilitation hospital<\/a> in Lakeway. Purchased from Welltower, the facility will be rebranded as Baylor Scott &amp; White Institution for Rehabilitation \u2013 Lakeway. The deal is expected to close by July 2018.<\/p>\n<p>The partnership formed in 2011 in North Texas and their portfolio nowadays includes 66 outpatient rehabilitation clinics, three inpatient rehabilitation hospitals and home health rehabilitation services. More than 1,900 people work at the joint venture\u2019s healthcare facilities.<\/p>\n<p><em>&#8220;With our combined presence in the Austin area, we will have a unique opportunity to leverage the skills and strengths of our two organizations to elevate the rehabilitation services we offer in the community,&#8221;<\/em> Jay Fox, president, Baylor Scott &amp; White \u2013 Austin\/Round Rock region, said in prepared remarks.<\/p>\n<p><em>&#8220;We saw a growing need to expand our acute rehabilitation services to serve a wider patient population throughout Texas,&#8221; <\/em>added David Chernow, president &amp; CEO, Select Medical. <em>&#8220;Working together, Baylor Scott &amp; White and Select Medical will provide high quality of care and improved functional recovery outcomes for traumatic brain injury, spinal cord injury and stroke patients throughout North and Central Texas.&#8221;<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Formed in 2011, Baylor Scott &amp; White and Select Medical joint venture has a portfolio of 66 outpatient rehabilitation clinics, three inpatient rehabilitation hospitals and home health rehabilitation services.<\/p>\n","protected":false},"author":237,"featured_media":1004228028,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,21743,21783,21754,21742],"tags":[40242,40245,33968],"class_list":["post-1004228025","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-austin","category-deals","category-investment","category-medical-office","category-latest","tag-baylor-scott-white-health","tag-select-medical","tag-welltower"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>JV Acquires Inpatient Rehab Hospital Outside Austin - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/jv-acquires-inpatient-rehab-hospital-outside-austin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JV Acquires Inpatient Rehab Hospital Outside Austin\" \/>\n<meta property=\"og:description\" content=\"Formed in 2011, Baylor Scott &amp; White and Select Medical joint venture has a portfolio of 66 outpatient rehabilitation clinics, three inpatient rehabilitation hospitals and home health rehabilitation services.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/jv-acquires-inpatient-rehab-hospital-outside-austin\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-09T06:51:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T04:04:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/healthcare-news-02-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jv-acquires-inpatient-rehab-hospital-outside-austin\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jv-acquires-inpatient-rehab-hospital-outside-austin\\\/\"},\"author\":{\"name\":\"Anca Gagiuc\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"headline\":\"JV Acquires Inpatient Rehab Hospital Outside Austin\",\"datePublished\":\"2018-05-09T06:51:14+00:00\",\"dateModified\":\"2022-12-09T04:04:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jv-acquires-inpatient-rehab-hospital-outside-austin\\\/\"},\"wordCount\":211,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/jv-acquires-inpatient-rehab-hospital-outside-austin\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2018\\\/05\\\/healthcare-news-02-1.png\",\"keywords\":[\"Baylor Scott &amp; 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