April 7, 2023 – Select Medical announced it has signed an agreement to acquire Vibra Hospital of Richmond, a long-term acute care hospital in Richmond, Virginia. Financial terms of the deal were not disclosed.
Under Select Medical’s new ownership, the 63-bed hospital will carry the brand Select Specialty Hospital – Richmond and provide post-ICU medical care for chronic, critically ill patients requiring extended healing and recovery.
“We look forward to bringing the industry’s highest quality of critical illness recovery care to Richmond as the needs for this patient population continue to grow across the region,” said Tom Mullin, executive vice president of hospital operations at Select Medical. “The acquisition will also extend Select Medical’s care continuum in Virginia providing access to a full network of inpatient and outpatient care settings throughout a patient’s recovery journey.”
The addition of Select Specialty Hospital – Richmond will expand Select Medical’s presence in Virginia joining Select Specialty Hospital – Hampton Roads in Newport News, Inova Specialty Hospital in Mount Vernon (opening in May 2023), Riverside Rehabilitation Hospital in Yorktown and 43 Select Physical Therapy outpatient centers across the state.