One of the nation’s largest rehabilitation hospital owners is acquiring Walton Rehabilitation Hospital in Augusta.
Birmingham, Ala.-based HealthSouth Corp. announced Wednesday that it was buying the hospital in downtown Augusta.
“The sale of the 58-bed inpatient rehabilitation hospital to HealthSouth allows Walton Foundation and Walton Community Services to focus on its mission of providing community health services, specifically independent and assisted living opportunities for persons with disabilities,” said Dennis Skelley, the president and chief executive officer of Walton Rehabilitation Health System.
The terms were not disclosed. HealthSouth officials said the transaction is subject to review by the Georgia attorney general’s office and the Georgia Department of Community Health. It should be final in 2013.
“We are excited about how this decision will bring financial strength and advanced capabilities – including a fully integrated electronic medical record system – to Walton Rehabilitation Hospital in the years to come,” Skelley said.