M&A Deal Summary

Select Rehabilitation Acquires RehabCare Group

On October 5, 2020, Select Rehabilitation acquired healthcare services company RehabCare Group from Kindred

Acquisition Highlights
  • This is Select Rehabilitation’s 2nd transaction in the Healthcare Services sector.
  • This is Select Rehabilitation’s 2nd transaction in the United States.
  • This is Select Rehabilitation’s 1st transaction in Kentucky.

M&A Deal Summary
Date 2020-10-05
Target RehabCare Group
Sector Healthcare Services
Buyer(s) Select Rehabilitation
Sellers(s) Kindred
Deal Type Divestiture

Target

RehabCare Group

Louisville, Kentucky, United States
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.

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Buyer(S) 1

Buyer

Select Rehabilitation

Glenview, Illinois, United States
Category Company
Founded 1999
Sector Healthcare Services
DESCRIPTION

Select Rehabilitation is a provider of contract rehabilitation therapy services in the United States. Select Rehabilitation provides physical therapy, occupational therapy, and speech therapy services in the long-term care sector, primarily to clients in skilled nursing facilities, continuing care retirement communities, outpatient settings, and home health settings. Select Rehabilitation was founded in 1999 and is based in Glenview, Illinois.

DEAL STATS #
Overall 2 of 2
Sector (Healthcare Services) 2 of 2
Type (Divestiture) 1 of 1
State (Kentucky) 1 of 1
Country (United States) 2 of 2
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-31 EnduraCare Therapy Management

Las Vegas, Nevada, United States

EnduraCare Therapy Management, Inc. provides contract therapy care to America's premier hospitals, long-term care facilities, and physician groups.

Buy $35M

Seller(S) 1

SELLER

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 8 of 8
Sector (Healthcare Services) 8 of 8
Type (Divestiture) 8 of 8
State (Kentucky) 2 of 2
Country (United States) 8 of 8
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-02 Kindred Hospital Paramount

Boca Raton, Florida, United States

Kindred Hospital Paramount is a 177-bed hospital specializing in long-term acute care (“LTAC”) services. In addition to traditional LTAC services such as respiratory care, advanced wound care, and rehabilitation therapies, the hospital provides full in-house radiology and interventional radiology services and broad-based surgical procedures.

Buy -
Mergr

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