Vitae Pharmaceuticals, NASDAQ:VTAE, VTAE

HealthSouth Corporation (NYSE: HLS) declared recently that it plans to build a freestanding 38-bed comprehensive inpatient rehabilitation hospital in Bluffton, South Carolina. The project was granted a certificate of need from the South Carolina Board of Health and Environmental Control.

Located at 107 Seagrass Station Rd. in Bluffton, the future inpatient rehabilitation hospital will serve patients in Hilton Head and surrounding counties and provide access to specialized rehabilitation programs and innovative equipment and technology for patients recovering from conditions such as stroke and other neurological disorders, cardiac and pulmonary conditions, brain and spinal cord injuries, complex orthopedic conditions and amputations. The hospital will operate as HealthSouth Rehabilitation Hospital of the Lowcountry.

Construction on the hospital will begin in the second quarter of 2017 with an anticipated completion in the second quarter of 2018. This development represents a $22 million investment in the community and, once fully operational, is expected to generate more than 89 new, full-time jobs.

“We are excited to be expanding in South Carolina and providing rehabilitation services to Beaufort, Jasper and Hampton counties,” said Ed Mowen, president of the MidAtlantic region for HealthSouth. “This hospital coupled with our specialized teams of rehabilitation healthcare experts and state-of-the-art technologies will be a strong addition to the highly reputable care already offered in these communities.”

This will be HealthSouth’s sixth hospital in South Carolina joining HealthSouth Rehabilitation Hospital of Florence, HealthSouth Rehabilitation Hospital of Columbia, HealthSouth Rehabilitation Hospital of Charleston, HealthSouth Rehabilitation Hospital of Rock Hill, and AnMed Health Rehabilitation Hospital, an associate entity of AnMed Health and HealthSouth Corporation. In addition, HealthSouth and Tidelands Health declared last August they have formed a joint venture to own and operate Tidelands’ existing inpatient rehabilitation hospital in Murrells Inlet and plan to build a second inpatient rehabilitation hospital in Little River, South Carolina.



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