Kindred Healthcare has agreed to buy the state of Arkansas' home health operations in a privatization move that would put the company's facilities in 70 counties across the state, compared with the four it currently covers.
The investor-owned giant was the winning bidder for the Arkansas Department of Health's in-home healthcare operations, the two sides announced last week. Kindred agreed to pay $39 million for the business.
As part of the deal, Louisville, Ky.-based Kindred will retain all employees and serve all current patients upon consent. The deal is set to be completed in the third quarter pending customary approvals.