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Kindred Healthcare and Mercy Medical Center – Des Moines Announce Plans for Inpatient Rehabilitation Hospital

LOUISVILLE, Ky. & DES MOINES, Iowa--(BUSINESS WIRE)--Kindred Healthcare, Inc. (“Kindred”) (NYSE:KND) today announced that it has signed a definitive agreement with Mercy Medical Center – Des Moines to create a joint venture to construct and operate a 50-bed inpatient rehabilitation hospital in Clive, Iowa, a suburb of Des Moines. The project has received Certificate of Need approval from the Iowa State Health Facilities Council. This will be the first freestanding inpatient rehabilitation hospital in the state of Iowa.