Kindred shareholders OK RehabCare deal
The transaction would expand Louisville, Ky.-based Kindred's lineup to 118 long-term acute-care hospitals, 226 nursing and rehabilitation centers and 121 inpatient rehabilitation hospitals, according to the company.
Kindred also recently set terms for a related $550 million debt offering—8.25% senior notes due in 2019—and received regulatory approvals for the deal.
Kindred expects the deal to close June 1.
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