LifePoint Health has concluded the previously announced acquisition of specialty hospital company Kindred Healthcare, for an undisclosed sum.
The deal was first announced in June this year.
Completion of the deal is expected to position LifePoint as a leader in the diversified healthcare delivery network.
Its network now covers 29 states and now includes 65 community hospital campuses, as well as over 30 rehabilitation and behavioural health hospitals.
LifePoint chairman and CEO David Dill said: “By adding Kindred Healthcare’s rehabilitation and behavioural health expertise and businesses to LifePoint, we are well positioned to advance healthcare delivery in communities across the country by focusing on quality, innovation and value in markets where we can build and support diverse services and sites of care.
“We look forward to investing in healthcare delivery opportunities, developing our people, and working with new and existing partners to ensure that no patient has to choose between accessing excellent care and accessing care close to home.”
Additionally, LifePoint Health has launched ScionHealth, a national health system that combines acute and post-acute hospitals from LifePoint and Kindred.
ScionHealth has been launched with 79 hospital campuses across 25 states, as well as 61 long-term acute care hospitals, 18 community hospitals and associated health systems.
The new healthcare entity will be headquartered in Louisville, Kentucky.
LifePoint and ScionHealth will operate independent business entities.
Dill added: “Like LifePoint, ScionHealth is committed to collaboration, to investing in innovative services that will benefit the people it serves, to making healthcare more accessible, and to supporting healthier communities.
“While LifePoint and ScionHealth have a great deal in common, we will serve unique populations and communities across the nation.”