provide the most medical supervision, while SNFs and home or outpatient services provide less medical and nursing care than IRFs.
leases were previously up for renewal in 2018 and 2020.
Although in a market with high demand for LTACH
services, the facility posted a $1 million deficit in 2011.
Her study examining the scope of the problem and its causes is a first step toward trying to devise ways to minimize the spread of antibiotic resistance at LTACHs
, she said.
The two acquisitions completed by MPT are: Triumph Hospital Clear Lake, a 110-bed LTACH
facility that opened in 2005, which is subject to a lease that matures in 2025 and has two five-year extension options; and the Triumph Hospital Tombal, a 75-bed LTACH
facility that opened in August 2006, which is subject to a lease that matures in 2026 and has two five-year extension options.
The Company also announced that it has completed the previously announced acquisitions of the real estate assets of Alvarado Medical Center in San Diego and a Kansas City area LTACH
operated by RehabCare.
MPT has completed the acquisition of Triumph Hospital Clear Lake, a 110-bed LTACH
facility that opened in 2005, subject to a lease maturing in 2025 with two five-year extension options; and Triumph Hospital Tomball, a 75-bed LTACH
facility that opened in August 2006, subject to a lease that matures in 2026 with two five-year extension options.
MPT has reached non-binding agreements with several prospective tenants for River Oaks, including an LTACH
operator, an ambulatory surgery center and a rehabilitation hospital.
RehabCare's market presence also includes Triumph Hospital Our Lady of Peace, a 32-bed LTACH
located on an additional campus of Saint Joseph's.
Triumph Hospital-The Heights, an LTACH
in Houston, admitted its first patient on April 15.
With healthcare reform stalled in Congress, the Company is focused on securing extensions for both the Medicare Part B therapy cap exceptions process, which expired December 31, 2009, and the LTACH
provisions contained in the 2007 Medicare, Medicaid and SCHIP Extension Act that are set to expire at the end of this year.
Triumph will begin construction in January on a new 10-bed licensed Intensive Care Unit (ICU) as well as the build-out for additional onsite diagnostic procedures for LTACH
patients," said Brock Hardaway, Triumph President and Chief Operating Officer.