M&A Deal Summary

Signature HealthCARE Acquires Kindred Seven Non-Strategic Nursing Centers

On July 31, 2013, Signature HealthCARE acquired healthcare services company Kindred Seven Non-Strategic Nursing Centers from Kindred for 47M USD

Acquisition Highlights
  • This is Signature HealthCARE’s 1st transaction in the Healthcare Services sector.
  • This is Signature HealthCARE’s largest (disclosed) transaction.
  • This is Signature HealthCARE’s 1st transaction in the United States.

M&A Deal Summary
Date 2013-07-31
Target Kindred Seven Non-Strategic Nursing Centers
Sector Healthcare Services
Buyer(s) Signature HealthCARE
Sellers(s) Kindred
Deal Type Divestiture
Deal Value 47M USD

Target

Kindred Seven Non-Strategic Nursing Centers

United States
Kindred Seven Non-Strategic Nursing Centers Facilities contain 900 licensed nursing center beds. Five of the Facilities are owned and the remaining Facilities are leased.

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Buyer(S) 1

Buyer

Signature HealthCARE

Louisville, Kentucky, United States
Category Company
Founded 2007
Sector Healthcare Services
Employees19,000
DESCRIPTION

Signature HealthCARE, is a healthcare and rehabilitation company with 126 locations in 10 states. A growing number of Signature centers are earning five-star ratings from the Centers for Medicare & Medicaid Services.

DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1

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 2 of 8
Sector (Healthcare Services) 2 of 8
Type (Divestiture) 2 of 8
Country (United States) 2 of 8
Year (2013) 2 of 3
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-29 QStaff Home Healthcare and Advanced Care Hospice

Houston,, Texas, United States

QStaff Home Healthcare and Advanced Care Hospice comprises home health and hospice services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-28 Western Reserve Senior Care

Streetsboro, Ohio, United States

Western Reserve Senior Care, is a physician led, primary care practice that delivers care in home-based settings . Western Reserve’s physicians, nurse practitioners and nurses provide primary care, specialty care and urgent care services.

Buy -
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