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The HealthSouth Hospital at Tenaya in Las Vegas is being sold, its owner announced today.
HealthSouth Corp. of Birmingham, Ala., said it’s selling six long-term acute care hospitals to LifeCare Holdings Inc. for about $120 million.
Included in the deal is the 70-bed HealthSouth Hospital at Tenaya at 2500 N. Tenaya Way, near Cheyenne Avenue and U.S. 95.
For LifeCare Holdings of Plano, Texas, the deal marks its entrance to the Southern Nevada market.
The company already operates in Northern Nevada with its Tahoe Pacific Hospitals, which has two locations in the Reno area.
LifeCare said it won’t eliminate any services at the hospitals it’s acquiring and will re-hire employees in good standing when the deal closes.
HealthSouth also has two rehabilitation hospitals in Las Vegas and a third rehabilitation hospital in Henderson.
The company said it’s focusing on that line of business.
“The sale of these six long-term acute care hospitals to LifeCare reinforces HealthSouth’s strategic focus on its 97 core, inpatient rehabilitation hospitals,” HealthSouth CEO Jay Grinney said in a statement.
HealthSouth was separately in the news Tuesday when the art of its disgraced former CEO, Richard Scrushy, was auctioned.
The $672,000 raised will go to shareholders and the company, The Associated Press reported.
HealthSouth won a $2.9 billion accounting fraud judgment against Scrushy two years ago, after he was convicted of bribery and conspiracy.