Posted by Jason Greis on February 13, 2011 under Articles, Industry News | 
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...
Tags: accretive, acquisition, analyst, bundled payment, greisguide, inpatient rehabilitation, irf, jason greis, john short, kindred, long term care hospital, ltac, LTACH, LTCH, mcguirewoods, merger, paul diaz, pay for performance, post-acute, rehabcare, skilled nursing, triumph
Posted by Jason Greis on August 28, 2010 under Articles, Industry News |
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...
Tags: acquisition, california, debt, EBITDA, greisguide, greisguidetoltachs, jason greis, kindred, long term acute care hospital, long term care hospital, ltac, LTACH, LTCH, texas, valuation, vista
Posted by Jason Greis on August 11, 2010 under Articles, Industry News |
On August 4, 2010 it was announced that Cornerstone Healthcare Group completed a merger with Solara Healthcare. Both Cornerstone and Solara are privately-owned, Dallas-based providers of Long-Term Acute Care (LTAC) hospital services. The newly-combined company consists of 18 owned and managed LTAC hospitals, operating in Texas, Louisiana, Arizona, West Virginia, Ohio and Oklahoma. The combined company will be led by Mike Brohm, President and CEO of Cornerstone and the Cornerstone executive management team. Cornerstone and Solara will both continue to operate under their existing brand names. The combined company will become the nation’s fourth largest provider of LTACH services (by number of LTACH facilities owned or managed) behind Select, Kindred and Rehabcare (and assuming Select and Regency complete their proposed transaction). Financial terms of the merger were not disclosed. Read More...
Tags: cornerstone, greisguide, greisguidetoltachs, highland capital management, jason greis, ken ross, kindred, LifeCare, ltac, LTACH, LTCH, mcguirewoods, merge, merger, mike brohm, rehabcare, select, solara, transaction
Posted by Jason Greis on February 8, 2009 under Industry News |
Kindred Healthcare is poised to continue the strategic growth of its LTACH business. Kindred, which is already the largest operator of LTACHs in the U.S. (with over 80 LTACHs and 6,428 licensed beds) opened 70-bed freestanding Kindred Hospital-The Palm Beaches in Riviera Beach, Florida on October 13, 2008. Read More...
Tags: california, florida, freestanding, greisguide, greisguidetoltachs, hih, hospital, hospital within hospital, hwh, jason greis, kindred, los angeles, ltac, LTACH, LTCH, melbourne, palm beach, riviera beach, sacramento, springfield, torrance
Loading ...
GreisGuide News Feed