Home Health & Hospice Week

Industry Note:

Kindred Buy Creates Unit To Rival Gentiva's Size

Post acute care company Kindred Healthcare Inc. continues to increase its home care business line. The Louisville-based chain today announced that it plans to acquire Senior Home Care Inc. for $95 million.

Clearwater, Fla.-based Senior Home Care operates 47 locations in Florida and Louisiana with $143 million in annual revenues, Kindred notes in a release. Kindred At Home has about 200 locations across 13 states with $350 in annual revenues.

"This transaction provides us a tremendous opportunity to continue the expansion of our post-acute services in Florida and Louisiana and supports the growing interest among patients, physicians, hospital systems and public and private payors for high-quality, patient-centered integrated care," Kindred CEO Paul Diaz says in the release.

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