Kindred Sells RehabCare to Select Rehabilitation in Massive Industry Shake-Up

From McKnight’s Long-Term Care News:

“Kindred Healthcare, which completed a swift exit from the nursing home business last year after becoming the second-largest for-profit nursing home chain in the U.S., announced today that it is selling its expansive RehabCare business line to Select Rehabilitation.”

“The result will be a rehab giant, covering more than 2,300 locations in 43 states, employing 17,000 therapists. Coverage locations will include skilled nursing facilities, assisted and independent living facilities, continuing care retirement communities, home health locations and schools.”

“The companies did not disclose terms of the deal, which is expected to close by the end of 2020, pending customary regulatory approvals.”

Click here to read the full story from McKnight’s.