Kindred to acquire home health provider

November 04, 2013 at 08:15 AM

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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.

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