Health Care Industry
Industry: Email Alert RSS FeedDeal creates a not-for-profit rehab giant.(Brief Article)(Statistical Data Included)
Modern Healthcare, May, 2000 by Saphir, Ann
The same day it merged with Holy Cross Health System, Mercy Health Services sealed a much smaller deal that may stir up a sleepy backwater of not-for-profit healthcare.
Mercy's sale of GNA, its contract therapy subsidiary, to Brooks Health System, a 110-bed rehabilitation hospital in Jacksonville, Fla., with 11 outpatient centers, creates what Brooks is calling the largest not-for-profit rehabilitation company in the nation.
A spokesman for Farmington Hills, Mich.-based Mercy said the May 1 sale was unrelated to and not a condition of its May 1 merger with South Bend, Ind.-based Holy Cross. That merger created Trinity Health, which operates 44 hospitals in seven states.
GNA, a Mercy subsidiary since 1985, provides rehabilitation therapy and...
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