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Select Medical Holdings Corp and PinnacleHealth announce joint venture

Thursday, 24 Jul 2014 10:20am EDT 

Select Medical Holdings Corp:Says that they will create joint venture to co-own the 55-bed Helen M. Simpson Rehabilitation Hospital in Harrisburg and another 23 outpatient clinics throughout central Pennsylvania that provide physical therapy and other related services.PinnacleHealth plans to contribute eight of outpatient clinics to joint venture while Select Medical plans to contribute 15 of outpatient clinics.Financial terms were not disclosed.As part of agreement, Select Medical will serve as managing partner of joint venture's hospital and outpatient clinics. 

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