Hospitals & Health Networks

RehabCare, Methodist Medical Center to develop hospital in Peoria

Published in Lab Business Week, February 25th, 2007

RehabCare Group, Inc. (RHB) and Methodist Medical Center announced their intention to form a joint venture that would develop, own and operate a new 50-bed long-term acute care hospital (LTACH) near downtown Peoria.

The proposed partners are applying for a Certificate of Need (CON) through the state of Illinois and would begin construction of the new hospital following CON approval, as well as necessary licensure through the Illinois Department of Health. Financial terms were not disclosed.

The 56,000 square-foot LTACH, to be called The Greater Peoria Specialty Hospital, will be located in the three-block area bordered by Richard Pryor Place, Romeo...

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Source: Lab Business Week (2007-02-25)

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