Kindred Healthcare, Louisville, Ky., said it acquired a Massachusetts home health operator. Terms of the deal were not disclosed, Kindred said in a release. The acquisition is one of the latest among long-term acute-care operators as the sector seeks to diversity ownership of post-acute services.
Kindred acquires Mass. home health company
Kindred used its cash and revolving credit to finance the acquisition of Synergy Home Health Care, which operates in communities where Kindred already has five acute-care hospitals and roughly two dozen nursing and rehabilitation centers, the company said. Synergy Home Health Care produced roughly $5 million in yearly revenue in Marlborough. Mass., and Weymouth, Mass., according to Kindred.
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