Choose Rehabilitation plans to amass Kindred Healthcare’s contract rehabilitation companies enterprise line, RehabCare.
The 2 corporations on Monday mentioned they signed a definitive settlement for the deal. Phrases weren’t disclosed however the deal is anticipated to be finalized in 2020, in line with a information launch.
After the acquisition, Glenview, In poor health.-based Choose and RehabCare will present contract rehabilitation companies to sufferers in expert nursing services, assisted dwelling services and outpatient services in 43 states.
Kindred President and CEO Benjamin Breier mentioned Choose is a perfect associate as a result of the corporate shares a lot of Kindred’s core values and has a administration workforce targeted on doing what’s finest for sufferers.
“Collectively, Choose and RehabCare shall be poised to boost the standard and breadth of their companies to clients and to deliver new skilled and progress alternatives for our RehabCare workforce members,” Breier mentioned.
Choose CEO and Co-founder Anna Gardina Wolfe mentioned the RehabCare acquisition creates progress alternatives.
“The addition of RehabCare’s administration and remedy groups will solidify Choose’s best-in-class repute, whereas the expanded operations will place us to leverage our know-how options past the contract remedy healthcare sector,” Gardina Wolfe mentioned.
Louisville-based Kindred has annual revenues of about $three.1 billion and employs about 32,000 folks in 1,731 areas in 46 states, together with 64 long-term acute care hospitals, 22 inpatient rehabilitation hospitals, 10 sub-acute models, 94 inpatient rehabilitation models, contract rehabilitation service companies and behavioral well being companies.