US-based healthcare services firm Kindred Healthcare has completed the acquisition of Gentiva Health Services (GHS) for $1.8bn.
The deal is said to turn Kindred into one of the largest operators of long-term acute care hospitals and inpatient rehabilitation facilities in the US, as well as the prominent provider of rehabilitation, home health and hospice services, and one of the leading sub-acute and skilled nursing providers.
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Kindred Healthcare CEO Paul Diaz said: "Today, Kindred is positioned to deliver patient-centred, coordinated care from hospital to home through an integrated model that improves quality, clinical outcomes and patient satisfaction in a cost-effective manner."
Based in Atlanta, Georgia, Gentiva provides home health care, hospice and community care services in the US.
The firm offers skilled nursing, physical, occupational, speech and neurorehabilitation services, in addition to hospice services.
It is also involved in social work, nutrition, disease management education, and other therapies and services.
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By GlobalDataKindred Healthcare president Benjamin Breier said: "Kindred now has an expanded breadth of offerings, broad geographic footprint and enhanced presence in our integrated care markets that we believe will drive more efficient and cost-effective coordinated care.
"We are pleased with the strong operating trends in both companies in the back half of 2014 and strong momentum going into 2015."
