M&A Deal Summary

Vibra Healthcare Acquires Kindred 14 Non-Strategic Facilities

On September 3, 2013, Vibra Healthcare acquired healthcare services company Kindred 14 Non-Strategic Facilities from Kindred for 166M USD

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

M&A Deal Summary
Date 2013-09-03
Target Kindred 14 Non-Strategic Facilities
Sector Healthcare Services
Buyer(s) Vibra Healthcare
Sellers(s) Kindred
Deal Type Divestiture
Deal Value 166M USD

Target

Kindred 14 Non-Strategic Facilities

United States
Kindred 14 Non-Strategic Facilities, consist of 14 transitional care hospitals containing 1,002 licensed beds, one inpatient rehabilitation facility containing 44 licensed beds and one skilled nursing facility containing 135 licensed beds.

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Buyer(S) 1

Buyer

Vibra Healthcare

Mechanicsburg,, Pennsylvania, United States

website

Category Company
Founded 2004
Sector Healthcare Services
DESCRIPTION

Vibra Healthcare, With a management team that has more than a century of combined experience in the development and operation of freestanding Acute Medical Rehabilitation Hospitals (IRF) and Long Term Acute Care (LTAC) hospitals in markets from coast to coast, Vibra Healthcare is uniquely qualified in the field of acute rehabilitation and LTAC hospitalization.

DEAL STATS #
Overall 15 of 17
Sector (Healthcare Services) 15 of 17
Type (Divestiture) 7 of 8
Country (United States) 15 of 17
Year (2013) 3 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-11 Boise Intensive Care Hospital

Meridian, Idaho, United States

Boise Intensive Care Hospital, owns and operates hospital and provides acute healthcare and medical services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-17 Elmcroft Senior Living - Two Inpatient Rehabilitation Hospitals

United States

Elmcroft Senior Living - Two Inpatient Rehabilitation Hospitals is a provider of healthcare services.

Buy -

Seller(S) 1

SELLER

Kindred

Louisville, Kentucky, United States

website

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 3 of 8
Sector (Healthcare Services) 3 of 8
Type (Divestiture) 3 of 8
Country (United States) 3 of 8
Year (2013) 3 of 3
Size (of disclosed) 2 of 5
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-30 TherEX

Franklin, Tennessee, United States

TherEX offers a unique, hassle-free business model that allows hospitals and physician practices to improve patient care and satisfaction, reduce risk, strengthen market position, and improve profitability.

Buy -
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