06 Nov Kindred Healthcare Signs Definitive Agreement to Acquire Senior Home Care
Acquired Company Operates 47 Locations in Florida and Louisiana with Annualized Revenues of $143 Million
Kindred Healthcare, Inc. (the “Company” or “Kindred”) KND -2.00% today announced that it has signed a definitive agreement to acquire Senior Home Care, Inc. (“Senior Home Care”) for a purchase price of $95 million. The Company expects to finance the transaction with operating cash flows and proceeds from its revolving credit facility.
Senior Home Care is a premier home health provider that operates through 47 locations in Florida and Louisiana. Senior Home Care currently generates annualized revenues of approximately $143 million. The Company expects that the transaction will be accretive to earnings in 2014.
Read more at http://www.marketwatch.com/story/kindred-healthcare-signs-definitive-agreement-to-acquire-senior-home-care-one-of-the-largest-premier-providers-of-home-health-care-services-in-florida-and-louisiana-2013-11-04?reflink=MW_news_stmp