Vibra Healthcare
American hospital operator
Vibra Healthcare, LLC is an operator of general and rehabilitation hospitals and other healthcare facilities. It is based in Mechanicsburg, Pennsylvania and was founded in 2004. Its 65 hospitals are located in several U.S. states. Its CEO is Brad Hollinger, who also owns 10 percent of Williams Racing.
History
Vibra Healthcare formed in 2004, receiving a loan of $41.4 million from Medical Properties Trust (MPT) to purchase the operations of six rehabilitation and long-term acute care hospitals (LTACHs) owned by MPT in Kentucky, Colorado, California, and New Jersey. Upon this transaction, Vibra became a tenant of MPT.
In 2006, the company's revenue was $149 million. In 2014, their revenue was $749 million.
Vibra acquired non-controlling interest in Post Acute Medical LLC in 2006.
In 2016, the company settled with the US Department of Justice for $32.7 million over claims of Medicare fraud through medically unnecessary procedures from 2006 through 2013. The company also settled with the Department of Justice in 2019 for $6.25 million over a similar issue.
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This entry incorporates text from “Vibra Healthcare” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.