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Article: Borrowing an idea; Rehab firm to open hospitals within hospitals.(Centerre Healthcare Corp.; The Week in Healthcare)
- Article from:
- Modern Healthcare
- Article date:
- November 4, 2002
- Author:
CopyrightCOPYRIGHT 2002 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Julie Piotrowski
After the success of the hospital-within-a-hospital model for long-term acute care, a new healthcare company said last week it had raised $7 million from three independent venture capital funds to use the same model for inpatient rehabilitation.
The St. Louis-based company, Centerre Healthcare Corp., was incorporated in 1999 as a rural hospital startup but it began business officially this year after refocusing its niche on rehabilitation. It aims to open its first hospital-within-a-hospital by mid-2003. Centerre is in lease negotiations with one hospital and in various stages of development with ``a couple dozen'' other ...
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