Kindred to Buy Senior Home Care for $95 Million

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.

Kindred said Senior Home Care has 47 locations and has $143 million in annual revenue. It expects to complete the purchase before the end of 2013 and said the acquisition should add to its net income in 2014.

Kindred Healthcare runs nursing and rehabilitation centers, long-term acute care hospitals, hospice locations, home health services, and inpatient rehabilitation units, and its RehabCare unit provides services to other facilities.

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  • Report this Comment On May 21, 2014, at 10:51 PM, elijed23 wrote:

    He must feel strongly about home care. One hundred and forty three million dollars is a lot in revenues. Perhaps it is both.

    Elisa Jed | http://www.hisgriphomecare.com/about/

  • Report this Comment On June 16, 2014, at 12:26 PM, PaulBear wrote:

    Franchise senior care seems potentially risky, just the sense that things could become more mechanized and less friendly. But as long as the industry is regulated well, that kind of thing shouldn't be a problem. Hopefully individual businesses will retain their character and homey feeling. Standardizing things could cause cookie-cutter issues. Even unique architecture makes a big difference in the ambiance of a facility.

    Paul | <a href='http://comforcare.com/california/north-county-san-diego' >comforcare.com</a>

  • Report this Comment On June 16, 2014, at 12:28 PM, PaulBear wrote:

    Franchise senior care seems potentially risky, just the sense that things could become more mechanized and less friendly. But as long as the industry is regulated well, that kind of thing shouldn't be a problem. Hopefully individual businesses will retain their character and homey feeling. Standardizing things could cause cookie-cutter issues. Even unique architecture makes a big difference in the ambiance and feel of a facility.

    Paul | http://comforcare.com/california/north-county-san-diego

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