Carlyle Group, Washington, a private equity firm, said it reached a definitive agreement to buy LifeCare Holdings, Plano, Texas, which operates 21 long-term, acute-care hospitals. The deal, valued at $555 million by Moody's Investors Service, is expected to close in August. LifeCare had revenue of $335 million for the 12 months ended March 31. The company is currently owned by private equity firm GTCR Golder Rauner. -- by Joseph Mantone
Carlyle Group to buy long-term, acute-care chain
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