Fierce Health Payers June 22, 2021
LifePoint Health is set to acquire post-acute healthcare services company Kindred Healthcare and invest $1.5 billion over three years across the combined organization, the Tennessee-based for-profit provider announced.
The purchase adds 62 long-term acute care facilities, 25 inpatient rehabilitation facilities, more than 100 acute rehabilitation facilities and two behavioral health facilities to LifePoint, which already owns and operates 87 hospitals, over 50 post-acute service providers and facilities and a few dozen outpatient facilities.
The resulting organization will staff roughly 77,000 employees across the U.S.
LifePoint said it expects the deal to go through during the fourth quarter of 2021, pending regulatory review and other customary closing conditions.
Although the terms aren’t being shared immediately, the system said it anticipates providing...