Last week, Select Medical and Northwest Healthcare announced a definitive agreement to form a joint venture and acquire Curahealth Tucson. No purchase price or hospital financials were disclosed. Curahealth Tucson is a 47-bed long-term acute care hospital owned by Community Health Systems (NYSE: CYH), which is divesting the hospital.
Northwest Healthcare is an integrated healthcare provider in Tucson, and includes multiple hospitals and clinics, such as Northwest Medical Center, Oro Valley Hospital, Northwest Medical Center Sahuarita, Northwest Emergency Centers in Vail and Marana, three Northwest Urgent Care locations, Northwest Women’s Center, Northwest Primary & Specialty Care, Northwest Tucson Surgery Center, Tucson Surgery Center and Center for Pain Management.
Select Medical is one of the largest operators of critical illness recovery hospitals, rehabilitation hospitals, outpatient rehabilitation clinics and occupational health centers in the United States. As of March 31, 2021, Select Medical operated 99 critical illness recovery hospitals in 28 states, 30 rehabilitation hospitals in 12 states, and 1,809 outpatient rehabilitation clinics in 37 states and the District of Columbia.
Under the joint venture, Select Medical and Northwest Healthcare plan to relocate the Curahealth Tucson hospital in September 2021 to the Northwest Transitions building, on the campus of Northwest Medical Center. Curahealth Tucson will be rebranded Select Specialty Hospital – Tucson Northwest and managed by majority owner Select Medical.
