Siskin Hospital for Physical Rehabilitation has announced that it plans to acquire St. Barnabas Healthcare Center.
St. Barnabas, which is a skilled nursing facility and provides rehab therapy, already is located on Siskin Hospital's main campus and currently shares some services with the hospital.
"By joining these two not-for-profit, mission-driven organizations, it will allow us to expand the continuum of care currently provided by Siskin Hospital to the community," said Carol Sim, President and CEO of Siskin, in a news release.
Sim said Siskin Hospital and St. Barnabas are "adapting in a beneficial way to prepare for and ensure a successful future."
The acquisition will bring acute inpatient rehabilitation, subacute rehabilitation, and outpatient rehabilitation services, in addition to long-term care under one entity, Siskin officials said.
"St. Barnabas has a long, rich history of providing care for seniors in the Chattanooga area," said David Wildgen, President and CEO of St. Barnabas. "The purchase of St. Barnabas by Siskin Hospital will position us to continue our well-known and respected legacy as a provider of short-term and long-term care well into the future."
The transaction is subject to customary closing conditions, as well as review by the Tennessee Attorney General's office and the Tennessee Division of Healthcare Facilities. The acquisition is expected to take place in the coming months.
For more information, read Tuesday's Times Free Press.