Kindred Healthcare Signs Definitive Agreement to Acquire Senior Home Care

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