Kindred Closes $95 Million Acquisition of Senior Home Care

Kindred Healthcare, Inc. (NYSE:KND) announced on Tuesday the closing of its previously announced, $95 million acquisition of Senior Home Care, Inc. The transaction was financed with Kindred’s operating cash flows and proceeds from a revolving credit facility. Senior Home Care, a home health provider with 47 locations in Florida and Louisiana, currently generates annualized revenues […]

Kindred Healthcare to Acquire Louisiana Home Care Company

Kindred Healthcare, Inc. has agreed to acquire Synergy Home Care, a home health care provider that operates in 17 locations throughout Louisiana, as part of its overall acquisition of Senior Home Care. Details of the transaction, which is expected to close in the fourth quarter of 2013 pending regulatory approvals, were not disclosed.  The pending […]

Home Care and Hospice Deals Fall in Third Quarter

Despite a rising number of healthcare deals in the third quarter, home health and hospice lagged the remainder of the health care services market, falling 44% year over year.  Health care mergers and acquisitions increased at a rate of 13% year over year with long-term care services mergers outpacing that average at a rate of […]

Kindred to Renew Leases for 48 Properties, Divest 60 Nursing Centers

Kindred Healthcare, Inc. (NYSE: KND) today announced it has entered into agreements to renew early its leases with Ventas, Inc. (NYSE: VTR) for 48 properties comprising transitional care hospitals and nursing centers. Kindred will renew the existing leases for three transitional care hospitals and 15 nursing and rehabilitation centers for an additional five year term […]

Home Care Staffing Company Goes Global with UK Acquisition

Interim HealthCare Inc., a national network of home care, hospice and health staffing franchises, has gone global with the acquisition of UK-based Bluebird Care Franchises Limited. Founded in 2004, Bluebird Care has more than 180 franchise operations which provide non-medical care services in England, Wales, Scotland, Northern Ireland and the Republic of Ireland.  The acquisition […]

Kindred and Dignity Enter Joint Venture to Expand Home Health in California

Kindred Healthcare (NYSE:KND) announced today that it has signed into a definitive agreement with Dignity Health to create a joint venture to expand home health services in San Bernardino, California.  “We look forward to working with Dignity Health and Community Hospital’s team of experienced healthcare professionals,” said Paul J. Diaz, chief executive officer, Kindred Healthcare, […]

Kindred Targets More Home Health Acquisitions, Announces New Projects

Kindred Healthcare, Inc. (NYSE: KND) announced today that it has signed into definitive agreements to build and acquire several home health and hospice businesses. Kindred plans to open a new 120-bed transitional care center in Phoenix, Arizona, on the campus of IASIS Healthcare’s St. Luke’s Medical Center.  The center will specialize in intensive short-term rehabilitation […]

Samaritan Medical Center to Manage Genesis Home Health Care

Watertown, New York-based Samaritan Medical Center (SMC) will soon enter an agreement with HCA/Genesis, Inc. to manage Genesis Home Health Care. The agreement will remain in place until a final purchase agreement and certificate of need is approved by the New York State Department of Health, when the home healthcare agency will become a Samaritan […]

Home Health Stays Stable As Health Care M&A Plunges in Q1

Health care merger and acquisition activity spending fell by 50% in the first quarter of 2013, according to Irving Levin Associates, Inc. (ILA). Deal volume was down 33% compared to the previous quarter, with 204 deals announced. The quarter also dropped 31% from what it was a year ago, according to ILA, when 295 deals […]