Apollo Global-backed LifePoint Health to acquire Kindred Healthcare.

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.