UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): July 19, 2004
REHABCARE GROUP, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-19294 51-0265872
(State or other (Commission File (I.R.S. Employer
jurisdiction of Number) Identification
incorporation) Number)
7733 Forsyth Boulevard
Suite 2300
St. Louis, Missouri 63105
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (314) 863-7422
Item 7. Financial Statements and Exhibits.
(c) Exhibits. See Exhibit Index.
Item 9. Regulation FD Disclosure.
The information in Exhibit 99.1 is incorporated herein by reference.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: July 20, 2004
REHABCARE GROUP, INC.
By: /s/ Vincent L. Germanese
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Vincent L. Germanese,
Senior Vice President,
Chief Financial Officer
and Secretary
EXHIBIT INDEX
Exhibit No. Description
99.1 Press release dated July 19, 2004
Exhibit 99.1
CONTACT: RehabCare Group, Inc.
Vincent L. Germanese, CFO
Betty Cammarata, Director-Investor Relations
Press: David Totaro, Senior Vice President,
Corporate Marketing & Communications
(314) 863-7422
or
Financial Dynamics:
Gordon McCoun/Lanie Fladell
Press: Sean Leous
(212) 850-5600
For Immediate Release
July 19, 2004
REHABCARE RENEWS AGREEMENT WITH VHA
ST. LOUIS, MO, July 19, 2004--RehabCare Group, Inc. (NYSE:RHB) has announced a
new three-year agreement with VHA Inc., effective July 1, 2004. Founded in 1977,
VHA is an alliance of more than 2,200 not-for-profit hospitals, health systems,
and affiliates across the United States. RehabCare is one of the nation's
leading providers of therapy program management services to hospitals and
long-term care facilities.
RehabCare's relationship with VHA dates back to 1999. Currently, RehabCare
has 55 service agreements with 43 VHA member organizations, accounting for a
significant portion of RehabCare's hospital contracts.
"This new agreement reaffirms our commitment to our current VHA clients and
allows us to continue to tap into a powerful network of healthcare facilities,"
says Tom Davis, President of RehabCare's Hospital Rehabilitation Services
division.
Under the agreement, RehabCare will participate in executive roundtables
and other opportunities to educate VHA members on post-acute services. Davis
says the increasing number of hospital discharges that need continuing care
emphasizes the growing importance of post-acute care management.
"The scope of our expertise encompasses the entire post-acute continuum,"
says Davis. "With this new agreement, we will have additional means of
communicating to VHA members our ability to deliver high-quality services, not
only in inpatient and outpatient rehabilitation and skilled nursing facility
settings, but in long-term acute care hospitals, subacute and specialty care
units, and home health. We also will have greater opportunity to gather feedback
from members on how we can better serve them in their particular market."
Davis says RehabCare also has recently developed a variety of business
relationship models in addition to its traditional contract management services,
including capital assistance, bed leasing arrangements, and joint venture
agreements.
"RehabCare offers our members flexibility in relationship design and
service options, as well as customized tools to achieve desired outcomes," says
Jeff Hayes, Senior Vice President of Strategic Services for VHA. "In our five
years together, our members have consistently given RehabCare high marks for
customer service and value."
Jeff Schaefer, RehabCare's Senior Director of Health Systems and Alliances,
will function as company liaison with VHA. Schaefer says one of his objectives
is to enhance relationships with VHA regional offices in RehabCare target
markets through ongoing communication. "I want VHA regional staff to be able to
spontaneously identify other members that could benefit from RehabCare
services," he says.
RehabCare Group, Inc., headquartered in St. Louis, Missouri, is a leading
provider of program management services for hospital inpatient rehabilitation
units and skilled nursing units, outpatient therapy programs, and contract
therapy services in conjunction with more than 700 hospitals and skilled nursing
facilities in 39 states, the District of Columbia, and Puerto Rico. RehabCare is
pleased to be included in the Russell 2000 and Standard and Poor's Small Cap 600
Indices.
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