Cardinal Hill Easter Seals Foundation Unveils New Chapter in Cardinal Hill History LEXINGTON, Ky., April 7, 2015 -- HealthSouth Corporation (NYSE: HLS) has announced it has entered into an agreement to purchase Cardinal Hill Rehabilitation Hospital in Lexington, Kentucky, from the Kentucky Easter Seal Society, Inc. “The sale of the hospital will ensure Cardinal Hill Rehabilitation Hospital and the mission and philanthropic work of the Cardinal Hill Foundation (Kentucky Easter Seals Society) are in the best position possible to successfully navigate through times of change,” said Chief Executive Officer of Cardinal Hill Rehabilitation Hospital Gary Payne. Cardinal Hill Foundation Easter Seals Kentucky will continue to be operated by a community board of directors and maintain its 501(c)(3) nonprofit status. The Executive Director will be Jenny Wurzback, a long term employee with Cardinal Hill. The Foundation will inherit three services, including: Adult Day Health Program – providing medical and social services to young adults who have birth disorders or have acquired (through trauma) developmental, intellectual, cognitive, and/or physical disabilities. Creative Beginnings Child Development Center – serving children of all abilities from six weeks to Pre-Kindergarten Adaptive Recreation Program – promoting healthy and active lifestyles with the goal to improve the overall quality of life for children and adults with physical disabilities through education, exposure to adaptive equipment and adaptive recreation experiences in the community. Cardinal Hill Foundation Easter Seals Kentucky is investigating service gaps and community needs with the intent of adding new services and expanding the programs listed above. As Cardinal Hill Foundation Easter Seals KY continues to develop and grow its services to meet the needs of children and adults with disabilities and their families, the Foundation will partner with all of their stakeholders to ensure that it remains a vibrant and dynamic provider of services in Kentucky. Cardinal Hill Rehabilitation Hospital, comprised of 158 licensed inpatient rehabilitation beds and 74 licensed skilled nursing beds, will continue to provide high-quality inpatient rehabilitation, skilled nursing, outpatient rehabilitation and home health services. The hospital will remain in the current location at 2050 Versailles Road in Lexington, Kentucky. The agreement is subject to customary closing conditions including regulatory approvals. The parties expect to close the transaction on May 1, 2015. Note: Beginning May 1, www.cardinalhill.org will become the official website for Cardinal Hill Foundation Easter Seals Kentucky. Cardinal Hill Rehabilitation Hospital’s website can be found here: http://cardinalhillhealthsouth.com/. About Easter Seals Easter Seals is the leading non-profit provider of services for individuals with autism, developmental disabilities, physical disabilities and other special needs. For nearly 100 years, Easter Seals has been offering help and hope to children and adults living with disabilities, and to the families who love them. Through therapy, training, education and support services, Easter Seals creates life-changing solutions so that people with disabilities can live, learn, work and play. For more details, visit www.easterseals.com. About HealthSouth HealthSouth is one of the nation's largest providers of post-acute healthcare services, offering both facility-based and home-based post-acute services in 33 states and Puerto Rico through its network of inpatient rehabilitation hospitals, home health agencies, hospice agencies and outpatient rehabilitation satellite clinics. HealthSouth can be found on the Web at www.healthsouth.com. Media Contact: Courtney Feltner courtney.feltner@cardinalhill.org 859-367-7217
© Copyright 2024