HealthSouth (HLS) Subsidiary to Buy The Rehabilitation Hospital of South Jersey
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HealthSouth Corporation (NYSE: HLS) today announced that one of its whole owned subsidiaries has entered into a definitive agreement to purchase The Rehabilitation Hospital of South Jersey, a 34-bed inpatient rehabilitation hospital in Vineland, NJ, from The Mediplex/Cumberland Rehabilitation Limited Partnership.
Terms of the deal were not disclosed, but the deal is expected to receive regulatory approvals in late Q1 or early Q3 of '08.
The acquisition of The Rehabilitation Hospital of South Jersey adds a third New Jersey rehabilitation hospital to HealthSouth's northeast region.
HealthSouth Corporation provides inpatient rehabilitation services in the United States. [BCS]
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