Medvest Breaks Ground On Montana Rehab Hospital

Capital Growth Medvest has recently broken ground on the new 34-bed inpatient rehabilitation hospital in Billings, Montana. The new rehab facility, a tri-venture among St. Vincent Healthcare, Billings Clinic, and Kindred LifePoint Healthcare (“Kindred”) (NYSE: KND), is expected to open in the second-quarter of 2019.

“This collaboration will provide our community and the region greater access to new, high-quality rehabilitation services close to home,” said Dr. Randall Gibb, interim CEO at Billings Clinic. “We are bringing together the resources and knowledge of two of the strongest health care organizations in the region with Kindred’s nationally recognized expertise in post-acute care to build and operate this facility, the first of its kind in Montana.”

Langlas & Associates, founded in 1973, has been selected as the general contractor. Langlas is a second-generation family owned company with district offices across Montana, including Billings. The 39,400-square-foot hospital is designed by Earl Swensson Associates, Inc, recognized as a leader among healthcare architecture firms.

About Capital Growth Medvest
Capital Growth Medvest, based in Birmingham, Alabama, helps medical facilities operate efficiently through real estate development and funding support. Its founders have completed well over $1 billion in healthcare developments and acquisitions, allowing them to find solutions to even the most complex needs. Medvest delivers the knowledge, relationships and resources to help reach a facility’s goals.

About Kindred LifePoint Healthcare
Kindred Healthcare, Inc., a top-105 private employer in the United States, is a FORTUNE 500 healthcare services company based in Louisville, Kentucky. Ranked as one of Fortune Magazine’s Most Admired Healthcare Companies for nine years, Kindred’s mission is to promote healing, provide hope, preserve dignity and produce value for each patient, resident, family member, customer, employee and shareholder we serve.

About Billings Clinic
Billings Clinic is Montana’s largest health system serving Montana, Wyoming and the western Dakotas. Billings Clinic has more than 4,200 employees, including more than 450 physicians and advanced practitioners offering more than 50 specialties.

About St. Vincent Healthcare
St. Vincent Healthcare in Billings, Montana was founded in 1898 and is one of the largest tertiary care hospitals in Montana. With 286 licensed and 201 staffed beds, it provides inpatient, outpatient and diagnostic services to over 400,000 patients throughout eastern and south central Montana, as well as northern Wyoming.

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Joe Baugh: (205) 969-7140