Vandalia Health and Mary Free Bed Rehabilitation have Entered into a Joint Operating Agreement for its Existing Inpatient Rehabilitation Facility and the Development of a New[...]

Transaction Overview:

CHICAGO - December 13^th, 2024 - Mary Free Bed Rehabilitation is expanding its services to West Virginia through a new partnership with Vandalia Health at Charleston Area Medical Center (CAMC). The joint operating agreement will be effective as of January 1, 2025 and will enhance the delivery of inpatient rehabilitation services throughout West Virginia. Currently, Vandalia Health operates a 24-bed inpatient rehabilitation unit at CAMC General Hospital, but as part of this new partnership, the organizations will work together to build a state-of-the-art 50-bed rehabilitation hospital on the CAMC General Hospital campus.

The partnership will operate under the name Mary Free Bed Rehabilitation at Vandalia Health CAMC General Hospital. It was developed through collaboration with the Mary Free Bed Advisory Group, which works to establish national partnerships with organizations that align with Mary Free Bed's mission and values.

About the Companies Involved:

Kaufman Hall's Role:

Kaufman Hall served as the exclusive transaction advisor to Vandalia Health.

About Charleston Area Medical Center Health System:

Established in 1972, CAMC is a nonprofit, 1,138-bed, regional referral center made up of seven hospitals CAMC General Hospital, CAMC Greenbrier Valley Medical Center, CAMC Memorial Hospital, CAMC Plateau Medical Center, CAMC Charleston Surgical Hospital, CAMC Teays Valley Hospital and CAMC Women and Children's Hospital, CAMC Cancer Center (with three locations: Beckley, Charleston and Hurricane), the CAMC Institute for Academic Medicine and the CAMC Foundation. More than 1,500 providers are members of the medical staff of CAMC, which is also West Virginia's premiere medical teaching facility, hosting, on any given day, more than 1,000 students in programs leading to degrees or certifications in health professions.

About Vandalia Health:

Vandalia Health, headquartered in Charleston, is a multi-state health system with locations across West Virginia as well as in Maryland, Ohio, Pennsylvania and Virginia. Made up of CAMC Health System, Davis Health System and Mon Health System, Vandalia Health has 17 hospitals, over 190 ambulatory locations, more than 13,000 employees and more than 2,000 doctors and advanced practice providers.

About Mary Free Bed Rehabilitation:

Mary Free Bed Rehabilitation is a not-for-profit, internationally accredited, and nationally recognized leader in rehabilitation. What started with a single hospital bed in Grand Rapids, Michigan, in 1891 has grown to a rehabilitation system with more than 2,300 staff at over 60 locations in Michigan, Indiana, Illinois and Virginia. Last year, Mary Free Bed restored hope and freedom through rehabilitation for 100,000 children and adults. With more than 120 specialized medical and sports rehabilitation programs and an exclusive focus on rehabilitation, their specialized teams help patients achieve extraordinary clinical results.