Carespring, LTC Open $24M Rehab Facility In Northern Kentucky
- Dec 22, 2014
The Northern Kentucky city of Cold Spring is home to a new transitional care rehabilitation and nursing facility. Carespring Health Care Management developed the $23.5 million state-of-the art complex in partnership with LTC Properties Inc.
Work on the Coldspring Transitional Care Center started in February 2013. Carespring has been planning to construct the new facility since 2008, but the project was delayed by the recession.
Located at 300 Plaza Drive, the 143-bed Coldspring Transitional Care Center specializes in short-term rehabilitation and long-term nursing care and will serve Greater Cincinnati. The 94,500-square-foot facility includes both private rooms and shared suites.
In a statement, LTC said the property is leased to affiliates of Carespring Health Care Management under an existing master lease. The new facility will be home to 200 full-time employees.
Following a soft opening last month, Coldspring’s grand opening was scheduled for Dec. 22. According to the center’s Facebook page, Kentucky Gov. Steve Beshear will attend the ceremony.
“We are thrilled to announce the completion of construction and opening by Carespring of a new, state-of-the-art transitional care and nursing facility,” Wendy Simpson, LTC’s chairman & CEO, said in a statement. “With a focus on rehabilitation care, this new property will be one of the premier health care facilities serving the Cincinnati metro area. Carespring has a long history dedicated to innovating and transforming health care delivery in a post-acute environment. We look forward to breaking ground on additional new projects with this strategic partner.”
Photo credit: Coldspring Transitional Care Center – Facebook.