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 […]

Experts See Potential in Hospice M&A Market

Regulatory cutbacks might have cooled M&A activity for traditional Medicare home care businesses, but things might just be heating up on the hospice side. Given the federal sequestration earlier this year and reimbursement cuts playing critical roles in the market’s recent lull, industry experts agree that the home health M&A market will experience smaller scale […]

Epic Health Services Acquires AmeriCare to Expand into Massachusetts

Epic Health Services announced it has acquired AmeriCare, a Medicare certified home health agency with three locations in the Boston area.  The acquisition provides Epic with three new service lines: home nursing for clients with psychiatric and other behavioral issues, private-pay personal care for older adults, as well as nursing and aide services for other elderly […]