M&A Deal Summary

Kindred Acquires Gentiva Health Services

On February 2, 2015, Kindred acquired healthcare services company Gentiva Health Services for 1.8B USD

Acquisition Highlights
  • This is Kindred’s 15th transaction in the Healthcare Services sector.
  • This is Kindred’s largest (disclosed) transaction.
  • This is Kindred’s 15th transaction in the United States.
  • This is Kindred’s 1st transaction in Georgia.

M&A Deal Summary

Date 2015-02-02
Target Gentiva Health Services
Sector Healthcare Services
Buyer(s) Kindred
Deal Type Add-on Acquisition
Deal Value 1.8B USD
Advisor(s) Barclays Investment Bank (Financial)
GreenbergTraurig (Legal)

Target

Gentiva Health Services

Atlanta, Georgia, United States
Gentiva Health Services, is a provider of home health, hospice, and community care services in the United States.

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Buyer(S) 1

Buyer

Kindred

Louisville, Kentucky, United States

Category Company
Founded 1985
Sector Healthcare Services
Employees53,200
Revenue 7.2B USD (2016)
DESCRIPTION

Kindred 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. Kindred was founded in 1985 and is based in Louisville, Kentucky.


DEAL STATS #
Overall 15 of 18
Sector (Healthcare Services) 15 of 18
Type (Add-on Acquisition) 12 of 13
State (Georgia) 1 of 1
Country (United States) 15 of 18
Year (2015) 1 of 1
Size (of disclosed) 1 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-12 Centerre Healthcare

Brentwood, Tennessee, United States

Centerre Healthcare is a provider of physical rehabilitation. Centerre Healthcare has the experience and resources to create highly successful rehabilitation hospitals while meeting the clinical and financial requirements of its partner hospitals.

Buy $195M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-04 Kindred Healthcare - Long-Term Acute Care

United States

Kindred Healthcare - Long-Term Acute Care (LTAC) is a provider of healthcare services.

Sell $28M