Announced
Financials
Tags
Private
Domestic
Friendly
United States
contract rehabilitation services
inpatient rehabilitation facilities
long-term acute care hospitals
Health Care Services
Majority
Acquisition
Single Bidder
Pending
Private Equity
Synopsis
Apollo Global-backed LifePoint Health, a provider of healthcare services such as cancer care, surgical treatment and medical facilities, agreed to acquire Kindred Healthcare, a provider of healthcare services such as antibiotic therapy, diabetes management and others, from TPG, Welsh and PSP. Financial terms were not disclosed. “Kindred’s focus on healing and hope, provided through its long-term acute care hospitals, rehabilitation centers and most recently its behavioral health services – an important and growing need across the country – is highly complementary to the current LifePoint network. We share a commitment to partnerships to benefit patients, and together, we will advance clinical and quality excellence, make healthcare more accessible and support healthier communities," David Dill, LifePoint President and CEO.
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