M&A Deal Summary

Kindred Acquires Triumph HealthCare

On June 1, 2011, Kindred acquired healthcare services company Triumph HealthCare from RehabCare Group for 900M USD

Acquisition Highlights
  • This is Kindred’s 4th transaction in the Healthcare Services sector.
  • This is Kindred’s 3rd largest (disclosed) transaction.
  • This is Kindred’s 4th transaction in the United States.
  • This is Kindred’s 1st transaction in Texas.

M&A Deal Summary

Date 2011-06-01
Target Triumph HealthCare
Sector Healthcare Services
Buyer(s) Kindred
Sellers(s) RehabCare Group
Deal Type Merger
Deal Value 900M USD

Target

Triumph HealthCare

Houston, Texas, United States
Triumph HealthCare is a privately-owned hospital company that was formed to develop and operate long-term acute care hospitals. Triumph hospitals specialize in providing services to medically complex patients for whom the short-term care hospital is no longer the most appropriate or cost-effective setting for necessary continued care.

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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 4 of 18
Sector (Healthcare Services) 4 of 18
Type (Merger) 2 of 2
State (Texas) 1 of 3
Country (United States) 4 of 18
Year (2011) 3 of 4
Size (of disclosed) 3 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-04 CareSouth HHA Holdings California

California, United States

CareSouth operates four locations in Southern California and the San Jose market. Kindred currently operates 13 long-term acute care hospitals, two nursing and rehabilitation centers, and one subacute unit within the service areas of these home health operations.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-11 Professional HealthCare At Home

Walnut Creek, California, United States

Professional HealthCare is a holding company formed to build leading regional providers of home nursing, hospice and private duty services. Professional HealthCare's subsidiaries deliver high-quality, patient-centric care through operations in California, Arizona, Nevada and Utah. Mainsail initially assisted in a recapitalization of the business in conjunction with senior management and has continued to support the Company to grow organically through the launch of new branches and services as well as in making strategic acquisitions.

Buy $51M

Seller(S) 1

SELLER

RehabCare Group

Louisville, Kentucky, United States

Category Company
Founded 1982
Sector Healthcare Services
DESCRIPTION

RehabCare is a provider of post-acute care, owning and operating 34 long-term acute care and rehabilitation hospitals and providing program management services in partnership with over 1,250 hospitals and skilled nursing facilities in 42 states and Puerto Rico.


DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Merger) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-04 Triumph HealthCare

Houston, Texas, United States

Triumph HealthCare is a privately-owned hospital company that was formed to develop and operate long-term acute care hospitals. Triumph hospitals specialize in providing services to medically complex patients for whom the short-term care hospital is no longer the most appropriate or cost-effective setting for necessary continued care.

Buy $570M