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 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 June 22, 2010 under Events |
Post-Acute Care Investments:
Key Business, Deal Structure & Diligence Read More...
Tags: acquisition, amber walsh, diligence, greisguide, investment, jason greis, krist werling, long term acute care hospital, ltac, LTACH, LTCH, lw consulting, mcguirewoods, merger, michael megill, post-acute, private equity, skilled nursing, snf, victor moldovan
Posted by Jason Greis on December 7, 2009 under Presentations |
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...
Tags: acquisition, acute long term hospital association, advocacy, altha, austin, greisguide, greisguidetoltachs, hospital, jason greis, long term acute care hospital, ltac, LTACH, LTCH, merger, post-acute, presentation, private equity
Posted by Jason Greis on October 15, 2009 under Articles, Presentations |
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...
Tags: acquisition, acute long term hospital association, altha, consolidation, divest, EBITDA, greisguide, greisguidetoltachs, jason greis, ltac, LTACH, LTCH, macroeconomic, mcguirewoods, merger, microeconomic, mmsea, transaction
Posted by Jason Greis on September 29, 2009 under Articles |
Section 114 of the Medicare, Medicaid, and SCHIP Extension Act of 2007 (“MMSEA”) established, among other things, a three-year temporary moratorium on the establishment of new LTACHs and LTACH beds, subject to certain limited exceptions. When rules implementing the moratorium were released by CMS in an Interim Final Rule on May 22, 2008, CMS did not specify which change of ownership and facility relocation activities by existing LTACHs and LTACH satellite would continue to be permissible under the moratorium. In fact, CMS specifically advised the industr that such questions should be directed to their Medicare Administrative Contractors, and that the CMS Regional Office would address specific situations on a case by case basis. Read More...
Tags: asset sale, Change of Ownership, chow, co-locate, consolidate, consolidation, development, greisguide, greisguidetoltachs, hospital, jason greis, long term acute care hospital, long term care hospital, ltac, LTACH, LTCH, medicare, merge, merger, mmsea, provider agreement, provider number, Relocation, satellite, Section 114, stock sale, transaction
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