Filed Under:Health Insurance, Ltci

Kindred to acquire home health provider

(Thinkstock image)
(Thinkstock image)

LOUISVILLE, Ky. (AP) — Kindred Healthcare said Monday it will buy Senior Home Care, a home health provider that does business in Florida and Louisiana, for $95 million. 

Senior Home Care has 47 locations and has $143 million in annual revenue.

Kindred hopes to complete the purchase before the end of the year.

Kindred Healthcare Inc. runs nursing and rehabilitation centers, long-term acute care hospitals, hospice locations, home health services, and inpatient rehabilitation units. The company's RehabCare unit provides services for other companies' facilities. 

Kindred said it is making the Senior Home Care deal because it wants to expand its ability to coordinate care delivered in different types of settings.

Kindred said it expects to keep the Senior Home Care management team in place.

See also:

Copyright 2017 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Featured Video

Most Recent Videos

Behind the scenes with Vicki Gunvalson [VIDEO]


In this exclusive interview, Vicki Gunvalson shares how she built a $15 million a year annuity business by planning for...

Regulator: Market may need to reinvent LTCI


Cioppa says Maine's governor wants to spur the creation of better products.

Dementia: It's more than Alzheimer's


An association calls for policymakers to remember lesser-known neurodegenerative conditions.

Protesters Disrupt WellPoint Annual Meeting


Hecklers call for more disclosures of information about political contributions.

Related resources

More Resources


Power your business with up-to-the-minute insurance news, analysis, and best practices from LifeHealthPro Daily eNewsletter – FREE.

Power your business with LifeHealthPro Daily eNewsletter – FREE.

Enter a valid email address.
Nichole Morford

Nichole Morford
Managing Editor

Thank you for subscribing to LifeHealthPro Daily!

Check Out More eNewsletters Now! Close

Advertisement. Closing in 15 seconds.