Texas company to buy HealthSouth Hospital in northwest Las Vegas
A Texas company said Wednesday that it will buy a long-term acute care hospital in northwest Las Vegas.
LifeCare Holdings will purchase HealthSouth Hospital at Tenaya, a 70-bed facility that serves patients with serious, ongoing medical problems requiring several weeks of intensive treatment. The hospital is at 2500 N. Tenaya Way.
The deal is part of a $120 million LifeCare purchase that includes all of HealthSouth's long-term acute care hospitals nationwide. HealthSouth has six such facilities across Nevada, Florida, Louisiana, Pennsylvania and Texas.
LifeCare will use its senior secured credit agreement and proceeds from real estate sales to finance the purchase.
LifeCare officials said in a statement that they don't plan to eliminate services at the hospitals. They also said they've committed to retaining all hospital employees who are in good standing when the deal closes, likely in the third quarter.
The HealthSouth hospital will be LifeCare's first in Las Vegas, though the company already has two long-term acute care hospitals in Reno.
