Choose Rehabilitation plans to accumulate Kindred Healthcare’s contract rehabilitation companies enterprise line, RehabCare.
The 2 firms on Monday stated they signed a definitive settlement for the deal. Phrases weren’t disclosed however the deal is anticipated to be finalized in 2020, based on a information launch.
After the acquisition, Glenview, Unwell.-based Choose and RehabCare will present contract rehabilitation companies to sufferers in expert nursing services, assisted residing services and outpatient services in 43 states.
Kindred President and CEO Benjamin Breier stated Choose is a perfect companion as a result of the corporate shares lots of Kindred’s core values and has a administration crew centered on doing what’s finest for sufferers.
“Collectively, Choose and RehabCare will likely be poised to reinforce the standard and breadth of their companies to clients and to deliver new skilled and progress alternatives for our RehabCare crew members,” Breier stated.
Choose CEO and Co-founder Anna Gardina Wolfe stated the RehabCare acquisition creates progress alternatives.
“The addition of RehabCare’s administration and remedy groups will solidify Choose’s best-in-class status, whereas the expanded operations will place us to leverage our expertise options past the contract remedy healthcare sector,” Gardina Wolfe stated.
Louisville-based Kindred has annual revenues of about $3.1 billion and employs about 32,000 individuals in 1,731 places in 46 states, together with 64 long-term acute care hospitals, 22 inpatient rehabilitation hospitals, 10 sub-acute items, 94 inpatient rehabilitation items, contract rehabilitation service companies and behavioral well being companies.