Article: Borrowing an idea; Rehab firm to open hospitals within hospitals.(Centerre Healthcare Corp.; The Week in Healthcare)

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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