Kindred Healthcare Announces RehabCare Group Merger

Posted by Jason Greis on February 13, 2011 under Articles, Industry News | Be the First to Comment

On February 8, 2011, Kindred Healthcare, Inc. (“Kindred”) and RehabCare Group, Inc. (“RehabCare”) jointly announced the signing of a definitive merger agreement under which Kindred will acquire RehabCare for an estimated $35 per share, which includes $26 per share in cash and 0.471 shares of Kindred common stock.  The transaction was unanimously approved by the Boards of both Kindred and RehabCare and is expected to close at the end of the second quarter, pending approval from the shareholders of both companies and receipt of antitrust approval.  Read More...

Kindred Continues Expansion through Acquisitions

Posted by Jason Greis on August 28, 2010 under Articles, Industry News | Be the First to Comment

Kindred Healthcare has moved to expand its market presence in key cluster markets in California and Texas by signing definitive agreements to purchase five LTACHs in southern California for $180 million and three Texas-based nursing and rehabilitation centers for $38 million in two separate all-cash deals for a total purchase price of $218 million.  Both transactions require regulatory approvals and are expected to close later this year. Read More...

Post-Acute Care Investments: Key Business, Deal Structure and Diligence Issues

Posted by Jason Greis on June 22, 2010 under Events | Be the First to Comment

Post-Acute Care Investments:
Key Business, Deal Structure & Diligence Read More...

The Art of the Deal: The Re-Emergence of Post-Acute M&A Activity

Posted by Jason Greis on December 7, 2009 under Presentations | Be the First to Comment

Please click here for a copy of my PowerPoint presentation entitled, The Art of the Deal: The Re-Emergence of Post-Acute M&A Activity, which was presented at the ALTHA Advocacy Meeting in Austin, Texas on December 4, 2009. Read More...

The Future of LTACHs: A Case Study for Industry Consolidation

Posted by Jason Greis on October 15, 2009 under Articles, Presentations | Be the First to Comment

I have attached a copy of the presentation (click here) that I gave at ALTHA’s Legal Issues Conference on Tuesday, October 13, 2009.  The presentation addresses how and why various macroeconomic and facility-specific financial, regulatory and operational pressures resulted in ”fire sales” in the LTACH market in 2009 and why 2010 will be a year in which over 60 LTACHs are expected to change ownership at much more attractive EBITDA multiples.  Please feel free to call me if you have any questions about my presentation. Read More...