Lacuna Health Mergers and Acquisitions Summary

Healthcare Services Company

Lacuna Health has acquired 23 companies of its own, including 3 in the last 5 years. A total of 11 acquisitions came from private equity firms. It has also divested 6 assets.

Lacuna Health’s largest acquisition to date was in 2015, when it acquired Gentiva Health Services for $1.8B. It’s largest disclosed sale occurred in 2017, when it sold Kindred Healthcare - Kindred at Home Division to Humana for $800M. Lacuna Health has acquired in 10 different US states. The Company’s most targeted sectors include healthcare services (100%).

Join Mergr and gain access to Lacuna Health’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the healthcare services sector.

M&A Summary

  • M&A Total Activity24
    • M&A Buy Activity18
    • M&A Sell Activity6
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 20
  • M&A Advisors 8

Kindred Healthcare, Inc. (Lacuna Health)

680 South Fourth Street,
Louisville, Kentucky 40202
United States,
(502) 596-7300
www.lacunahealth.com

Kindred Healthcare, Inc. is a healthcare services company based in Louisville, Kentucky. Kindred provides healthcare services in 2,353 locations, including 97 transitional care hospitals, five inpatient rehabilitation hospitals, 98 nursing centers, 21 sub-acute units, 153 Kindred at Home hospice, home health and non-medical home care locations, 104 inpatient rehabilitation units (hospital-based) and a contract rehabilitation services business, RehabCare, which serves 1,875 non-affiliated facilities.


M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.6/yr) # 15 1 - - 2 - 18
vol $4.5B $39M $4.5B
Sell (0.6/yr) # 3 2 1 - - - 6
vol $213M $28M $800M $1.0B
  24

Most Recent M&A

Company Date Value Type
Kindred Hospital Paramount 2019-05-02 - Divestiture
Boca Raton, Florida
American Chronic Care LLC 2019-01-07 - Add-on Acquisition
Ocala, Florida · www.americanchroniccarellc.com
Kindred Healthcare, Inc. - Kindred at Home Division 2017-12-19 800M USD Divestiture
Louisville, Kentucky
Kinder Hearts - Home Health & Hospice Operations 2016-09-06 - Divestiture
Abilene, Texas
Arkansas Department - In-Home Health Care Operations 2016-06-20 39M USD Divestiture
, United States
Kindred Healthcare - Long-Term Acute Care (LTAC) 2016-04-04 28M USD Divestiture
, United States
Gentiva Health Services, Inc. 2015-02-02 1.8B USD Add-on Acquisition
Atlanta, Georgia · www.gentiva.com
Centerre Healthcare Corp. 2014-11-12 195M USD Add-on Acquisition
Brentwood, Tennessee · www.centerrehc.com
Senior Home Care, Inc. 2013-11-04 95M USD Add-on Acquisition
Clearwater, Florida · www.seniorhomecare.net
TherEX, Inc. 2013-09-30 - Add-on Acquisition
Franklin, Tennessee · www.therex.us
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Gentiva Health Services, Inc.    - Harden Healthcare LLC 2013-10-18 7
Atlanta, Georgia · www.gentiva.com Austin, Texas · www.hardenhealthcare.com
Gentiva Health Services, Inc.    - North Mississippi Hospice, Inc. 2012-09-11 6
Atlanta, Georgia · www.gentiva.com Oxford, Mississippi · www.nmshospice.com
Gentiva Health Services, Inc.    - Family Home Care - Home Health & Hospice Business 2012-09-04 5
Atlanta, Georgia · www.gentiva.com Liberty Lake, Washington
Gentiva Health Services, Inc.    - Advocate Hospice LLC 2012-07-26 4
Atlanta, Georgia · www.gentiva.com Danville, Indiana
Gentiva Health Services, Inc.    - Rehab Without Walls 2011-09-12 1
Atlanta, Georgia · www.gentiva.com Lynnwood , Washington · www.rehabwithoutwalls.com
Gentiva Health Services, Inc.    - Odyssey HealthCare, Inc. 2010-08-17 3
Atlanta, Georgia · www.gentiva.com Atlanta, Georgia · www.odyssey-healthcare.com
Gentiva Health Services, Inc.    - Home Health Care Affiliates, Inc. 2008-02-05 2
Atlanta, Georgia · www.gentiva.com Cordova, Tennessee
Gentiva Health Services, Inc.    - The Healthfield Group, Inc. 2006-01-05 1
Atlanta, Georgia · www.gentiva.com Arlington, Texas · www.healthfield.com

M&A by Sector

Sector Buy # Value Sell # Value
Healthcare Services 18 (100%) 4.5B (100%) 6 (100%) 1.0B (100%)
Total 18 $4.5B 6 $1.0B

By Geo

State/Country Buy Value Sell Value
United States 18 4.5B 6 1.0B
  Texas 3 975M 1 -
  Florida 3 95M - -
  California 3 53M - -
  Tennessee 2 195M - -
  Ohio 2 - - -
  Kentucky 1 1.3B 1 800M
  Missouri 1 - - -
  Louisiana 1 45M - -
  Georgia 1 1.8B - -
Total 18 $4.5B 6 $1.0B

Top M&A Advisors

Financial Deals
Morgan Stanley
2
Houlihan Lokey
1
Citigroup Investment Banking
1
Legal Deals
Cleary Gottlieb Steen & Hamilton LLP
3
Waller Lansden Dortch & Davis LLP
1
Gibson, Dunn & Crutcher LLP
1

Deal Values

buy # Total
> $1B 2 $3.1B
$100M to $1B 2 $1.1B
< $100M 6 $307M
TOTAL $4.5B
Largest Gentiva Health Services, Inc.
$1.8B (2015-02-02)
sell # Total
$100M to $1B 2 $966M
< $100M 2 $75M
TOTAL $1.0B
Largest Kindred Healthcare, Inc. - Kindred at Home Division
$800M (2017-12-19)

M&A Connections

Deals %
Acquired from
PE Firm(s)
73%
11 73%
Strategic(s)
27%
4 27%
Divested to
Strategic(s)
100%
6 100%

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