1983 |
Signs and opens the first RehabCare acute rehabilitation program in Portsmouth, Virginia.
|
1991 |
Becomes a public company listed on the NASDAQ under the symbol RHBC (now listed on NYSE).
|
1992 |
A corporate-level marketing department and a program evaluation system are initiated for the company. This system is later named SCOUT and establishes the company’s resolve to have measurable outcomes in all its divisions.
|
1993 |
RehabCare makes a commitment to seek CARF accreditation at as many of its acute rehabilitation programs as possible.
|
1994 |
Buys its significant competitor, ARRI, which also provides hospital acute rehabilitation programs as a contract management service. This action increases the managed rehab programs from around 50 to 80.
|
1995 |
Forbes Magazine recognizes RehabCare Group as one of the “Top 200 Best Small Companies.”
Outpatient therapy services begin in earnest. In its first effort to diversify, an outpatient company named Physical Therapy Resources is purchased. This acquisition adds about 17 outpatient programs to the company located in Florida and Texas.
|
1996 |
Name is officially changed from RehabCare Corporation to RehabCare Group to signify the diversification of the company.
The company purchases HealthCare Staffing Solutions, Inc., which allows it to expand into the realm of therapy staffing to hospitals and nursing homes nationwide. HSSI focuses on middle term placement of therapists in a market where therapists are in short supply.
|
1997 |
Team Rehab and Moore Rehab are purchased. These companies provide therapy services in community-based nursing homes. This move broadens RehabCare Group by delivering services to a large number of nursing home providers.
|
1998 |
Alan Henderson is named CEO and President of RehabCare Group.
RehabCare continues its diversification strategy by purchasing additional companies for the delivery of therapy in community-based nursing homes and outpatient settings.
Changes from the NASDAQ to the NYSE.
|
| 1999 |
RehabCare purchases eai, inc., a Phoenix-based company that provides staffing of a wide range of healthcare personnel moving the company into a more diversified staffing position.
RehabCare completes the purchase of All Staff, a medical staffing company based in Creston, IOWA, that allows for business expansion in a new market.
Forbes Magazine lists RehabCare for a fifth time on the list of "The Best 200 Small Companies." The company is no longer eligible for this distinction after this year.
|
2000 |
At the end of the year, RehabCare Group is listed as the best performing stock on the NYSE.
RehabCare purchases DiversiCare, an outpatient therapy company located in Tennessee and Kentucky. The significance of this acquisition is the development of therapy services contracts with physician group practices. |
2004 |
John H. Short, Ph.D., is elected President and Chief Executive Officer of the company and establishes a set of strategies to move the company towards its vision of delivering a clinically integrated continuum of care in key markets. Two of the strategies are to grow the company through acquisitions and seek out joint ownership agreements.
RehabCare purchases CPR Therapies, LLC (“CPR”), a privately owned contract therapy services company based in Denver, Colorado. CPR is a leading contract therapy services company for physical rehabilitation services in skilled nursing and assisted living facilities in Colorado.
RehabCare purchases American VitalCare, Inc., a market-leading manager of hospital-based specialty care units in the State of California and its sister company, Managed Alternative Care, Inc. (collectively known as VitalCare).
RehabCare purchases Phase 2 Consulting, a healthcare management consulting firm based in Salt Lake City, Utah and Austin, Texas.
RehabCare purchases Cornerstone Rehabilitation, a physical rehabilitation therapy company with sites in Louisiana and Texas.
|
2005 |
RehabCare purchases MeadowBrook Healthcare, operator of two acute rehabilitation hospitals and two LTACHs in Oklahoma, Florida, Louisiana and Texas. The acquisition gives the company a strong platform for its freestanding operation.
RehabCare announces its first independently owned and operated rehabilitation hospital. The 24-bed hospital is located in Arlington, Texas opened December, 2005. |
| 2006 |
RehabCare announces the acquisition of Symphony Health Services and its subsidiaries, RehabWorks, VTA Management Services and Polaris Group. This transaction is RehabCare’s largest acquisition to date, increasing its size and scope to nearly 15,000 employees and nearly 1,400 locations in 42 states, the District of Columbia and Puerto Rico. The RehabCare logo is changed to incorporate the “heart and hand” icon of RehabWorks. An alternate tagline is introduced, “Helping people regain their lives.”
Northwest Texas Rehabilitation Hospital opens in October, becoming RehabCare’s ninth operational hospital under its freestanding hospital division.
Harry Rich is elected as Chairman of the Board of Directors following the resignation of longtime Chairman Ed Trusheim. |
