The current annual rent for these ten LTAC
hospitals approximates $22 million.
Because the new LTAC
lease with Kindred takes effect in 2013, it will have no impact on Ventas's 2012 normalized funds from operations ("FFO").
The Company also announced that it did not renew seven renewal bundles containing 54 nursing and rehabilitation centers and ten LTAC
hospitals (collectively, the "Expiring Facilities").
The opening of the new LTAC
hospital will advance our post acute continuum network in Southeastern Michigan by collaborating with our Oakwood partners and their multiple locations.
Included in the $77 million of current annual cash rent for the 64 Marketed Assets is $9 million of current annual cash rent for six SNFs and two LTACs
(the "Reset Assets"), for which Kindred has previously provided a renewal notice and which are currently subject to a fair market rent appraisal process.
The merger added 32 LTAC
hospitals, five inpatient rehabilitation facilities, 102 inpatient hospital-based rehabilitation units, a robust contract rehabilitation services business and approximately 20,000 new employees to the Kindred team.
In Seattle, our LTAC
hospitals and sub-acute units, along with the nursing and rehabilitation centers, expand our ability to provide post-acute care," said Jeffrey P.
The new freestanding hospital will have 67 LTAC
hospital beds, the same as in the current hospital.
The hospital's distinctive LTAC
environment provides acute medical care and aggressive therapy services for patients with unresolved, acute, or catastrophic illnesses, as well as multi-organ disease processes who require an average length of stay of 25 days or more.
Tenders are invited for work of replacement of Existing meter by LTAC
3 Phase 4 wire 40-200A fully static TOD Tri-Vector Energy meter with inbuilt CT & Modem to Ind.
The Company's LTAC
hospitals are designed to provide aggressive interdisciplinary care to medically complex patients who require extended recovery time.
The company also provides the entire EHR and practice management solution for LTAC
facilities and is designed to automate workflows, increase revenues, and improve patient care from admission to discharge.