Receive our newsletter – data, insights and analysis delivered to you
September 6, 2011

Kindred acquires Professional Healthcare

US-based Kindred Healthcare has acquired the equity of Professional HealthCare for $51m in cash. Professional Healthcare provides home health, hospice, and private duty-nursing services, as well as durable medical equipment. It has operations in northern California, Arizona, Nevada and

By cms admin

US-based Kindred Healthcare has acquired the equity of Professional HealthCare for $51m in cash.

Professional Healthcare provides home health, hospice, and private duty-nursing services, as well as durable medical equipment. It has operations in northern California, Arizona, Nevada and Utah.

Kindred Healthcare President and CEO Paul Diaz said that Professional Healthcare, previously a portfolio company of Mainsail Partners, further expands Kindred’s growing home health and hospice business, and provides substantial overlap with its existing operations.

”We continue to seek opportunities to expand our continuum of post-acute care services in our key cluster markets in response to the growing interest for integrated care,” Diaz said.

Kindred expects the transaction to be accretive to earnings in 2012.

Content from our partners
Why this global life sciences COO believes relocation to Charleston, SC, was key to achieving next-level success
The powerful networks advancing life sciences in Charleston | USA
The power of infrastructure: How Charleston | SC | USA is expanding horizons for life science companies
Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Get important industry news and analysis sent to your inbox
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU