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The acquisition included the Kessler Institute for Rehabilitation, which operates four acute medical rehabilitation hospitals in New Jersey. Ortenzio Executive Chairman Robert A.
Our balance sheet this year was also strengthened by an increase in our cash balance and a reduction in our debt to total capitalization. We declared and paid our first dividend and completed a 2-for-1 split of our common stock. Our Company ended the year with 79 long-term acute care hospitals and four acute medical rehabilitation hospitals.
We are pleased and proud of the growth our Company achieved in The addition of the four Kessler rehabilitation hospitals complemented our overall strong performance within the Specialty Hospital segment.
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Services and Kessler Rehabilitation. The addition of Kessler provided our Company with a platform in the inpatient rehabilitation industry and vvi depth in several of our outpatient rehabilitation markets. Vvk our Specialty Hospital segment, revenue increased Renowned for its treatment of spinal cord injury. At the end ofour Company operated clinics throughout the United States and Canada, up from clinics at the vfu of These services are performed under many of the same brand names that we use in operating our outpatient clinics, as well as additional established brands, including Select Medical Rehabilitation Services, Rehab Management Services and Metro Therapy.
This team works closely with referring physicians and case managers to ensure that patients receive a combined approach of intensive nursing care, focused respiratory services and individualized therapies to achieve optimal outcomes.
We extend our sincere thanks and deep appreciation to our Board of Directors for their guidance and support, to our employees for their talents and dedication, to our patients who entrust us with their care, and to you, our shareholders, for your support and belief in Select Medical Corporation. All four of our acute medical rehabilitation hospitals are certified by the federal Medicare program as inpatient rehabilitation facilities.
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We believe that we will continue to distinguish ourselves as leaders within long-term acute care by providing a broader scope of clinical programs and services. SEM Internet Address www.
In addition to our outpatient clinics, the outpatient division also provides medical rehabilitation services on a contract basis at nursing lgg, hospitals, assisted living and senior care centers, schools and worksites. Experienced clinicians work og referring physicians, employers, payors and case managers to ensure high quality rehabilitation for our patients.
We were able to accomplish this because of our strong internal development platform. Ortenzio, both of whom have significant experience in the healthcare industry.
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We coupled our emphasis on local market growth with vvvu continued focus on negotiating stronger contract rates. Inour Company achieved several major accomplishments.
Our mission and values include providing specialty inpatient services and outpatient rehabilitation services to those we serve, while seeking to lgg high-quality health care and cost-effective outcomes for our patients, a positive work environment for our gl and a good return to our shareholders.
We are also proud of several achievements at our corporate office in Mechanicsburg, Pennsylvania. Long-Term Acute Care Hospitals Overview Our long-term acute care hospitals provide highly specialized care to promote recovery from the most critical and complex medical conditions. Accomplishments During the last four months ofthe vvi teams at Select Medical and Kessler have partnered to lay the foundation for a successful integration.
Accomplishments Inwe grew our outpatient business through the addition of the Kessler outpatient rehabilitation clinics, which complemented our existing local market network on the East Coast.
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Our long-term vuv care hospitals provide a wide range of services designed to treat medically complex conditions, pulmonary conditions, neurological disorders, cancers, cardiac conditions, wound care, renal disorders, infectious disease and other complicated conditions.
The outpatient division ended the year with outpatient rehabilitation clinics through out the United States and Canada, an increase from at the end of Select also provides medical rehabilitation services on a contract basis at nursing homes, hospitals, assisted living and senior care centers, schools and worksites.
Select is also a leading operator of outpatient l clinics in the United States and Canada.
Our long-term acute care hospitals are staffed with experienced professionals in nursing, pharmacy, dietary, respiratory therapy, case management and the rehabilitation therapies. Since inception, Select has been led by our current management team, including our co-founders, Rocco A.
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