Siskin Hospital Acquires St. Barnabas Healthcare Center
July 3, 2014
Siskin Hospital for Physical Rehabilitation is pleased to announce that it has officially acquired St. Barnabas Healthcare Center as of July 1, 2014. The transaction was subject to customary closing conditions and was reviewed by The Tennessee Attorney General’s office and the Tennessee Division of Healthcare Facilities.
Siskin Hospital will now increase in size from a 109-bed rehabilitation hospital to 217 beds with the addition of 108 SubAcute and nursing home beds at St. Barnabas. This increase enables the not-for-profit hospital to better serve more individuals in Chattanooga and the surrounding areas. The acquisition also permits Siskin Hospital to expand the continuum of care with the addition of the long-term services at St. Barnabas.
“The joining of St. Barnabas and Siskin Hospital is an important investment in our future. As the healthcare world changes, it is ever more important for us to think of ourselves as in the ‘rehabilitation’ business, not just in the ‘rehabilitation hospital’ business. Patients and insurers are looking for more options for rehabilitation, mostly focused on how to ensure the highest level of recovery for the lowest cost, and the beds at St. Barnabas give us another option to offer them,” Carol Sim, President and CEO of Siskin Hospital, stated.
St. Barnabas is located on Siskin Hospital’s main campus and has a connector bridge that will provide convenient access as the facilities and services are further joined. Sim explained that Siskin Hospital will be investing several hundred thousand dollars to upgrade St. Barnabas’ facility and infrastructure.
“Over the next several months, we will work to integrate our operations where it makes sense and leave separate and distinct those areas where that is best. This will be a work in progress. Collectively, employees will be involved in this effort with the overarching mission being to optimally serve our patients and our community,” Sim explained.
All St. Barnabas employees who met Siskin Hospital’s standard employment requirements have become Siskin Hospital employees.
“This acquisition will enable us to viably grow our organization for years to come. We are enthusiastically embracing the opportunity of becoming a part of the Siskin Hospital team,” David Wildgen, President and CEO of St. Barnabas, stated.
About Siskin Hospital
Siskin Hospital for Physical Rehabilitation opened in 1990 as the first freestanding, not-for-profit rehabilitation hospital in Tennessee built specifically for rehabilitation patients. Siskin Hospital offers an inpatient and outpatient campus, as well as off-site locations. The Hospital is dedicated exclusively to physical rehabilitation, and is nationally known for providing exceptional rehabilitation care through a full continuum of patient care services. Siskin Hospital offers specialized treatment programs in brain injury, amputation, stroke, spinal cord injury, orthopedics, and major multiple trauma. The Hospital also provides treatment for neurological disorders and loss of muscle strength and control following illness or surgery. Currently, Siskin Hospital remains as the only freestanding, not-for-profit rehabilitation hospital in Tennessee and is accredited by both The Commission on Accreditation of Rehabilitation Facilities (CARF) and Joint Commission. For more information, please call 423.634.1214.
About St. Barnabas
St. Barnabas was established in 1965 when community leaders joined the Episcopal Diocese of East Tennessee to meet the need for quality elder care in Chattanooga. In 2012 the original campus at Sixth and Pine Streets was sold to an independent buyer. The nursing home division was relocated in 2007 to a new building on the campus of Siskin Hospital. St. Barnabas offers long-term residential care services, as well as short-term rehabilitative care for many planning to return home.