San Antonio, Texas-based Methodist Healthcare announced on October 2 that it has acquired San Antonio Rehabilitation Hospital from NewEra IRF Holdings, an integrated commercial real estate development and capital investment company.
San Antonio Rehabilitation Hospital opened in September 2023 to provide inpatient rehabilitation services to people with debilitating illnesses and injuries.
For more than 50 years, Methodist Healthcare has provided high-quality care to patients from San Antonio, its 26 surrounding counties and around the world.
The hospital, now named Methodist Rehabilitation Hospital Texsan, will house inpatient rehabilitation services that were previously provided at Methodist Hospital Texsan and Methodist Hospital Specialty and Transplant, according to a news release from October 1, 2024.
Methodist Rehabilitation Hospital Texsan will increase bed capacity to 48 and provide advanced rehabilitation technologies and comprehensive service access for an improved patient experience. Financial terms of the deal were not disclosed.
According to data captured in the LevinPro HC database, this acquisition marks the 29th Rehabilitation deal announced so far during 2024, as well as the ninth inpatient rehabilitation hospital acquired this year. There were five inpatient rehabilitation hospitals acquired during 2023, and five acquired during 2022.
