Select Medical, AtlantiCare enter JV for Southeastern New Jersey

Select Medical announced a joint venture agreement with AtlantiCare to own and manage operations of a new inpatient rehabilitation hospital and 13 outpatient physical therapy centers throughout the southeastern region of New Jersey. Select Medical will serve as both the majority owner and managing partner across the two post-acute care lines. Subject to state approvals, the construction of the new hospital in Galloway Township will begin this year. Under the agreement, Select Medical will contribute 13 outpatient physical therapy centers under its NovaCare Rehabilitation brand. All are currently operating in the southeastern region. Expected to open in 2024/2025, the new inpatient rehabilitation hospital will carry the Bacharach Institute for Rehabilitation name and serve patients recovering from debilitating illnesses and injuries including stroke and other neurological disorders, brain injury, spinal cord injury, amputation and other complex orthopedic conditions.