LifePoint acquires Kindred Healthcare

LifePoint Health is acquiring post-acute care provider Kindred Healthcare. Financial terms of the deal were not disclosed.

Tennessee-based LifePoint Health has a network of hospitals and care providers through its subsidiaries, providing services in 30 states. Kindred is based in Louisville.  

In addition to the expansion by acquisition, LifePoint announced $1.5 billion in investments over the next three years aimed at improving care. The focus areas of the investments include the personal and professional growth of its employees, capital projects to improve healthcare delivery and technology, digital solutions and equipment to increase local access to advanced services.

“Adding Kindred Healthcare to LifePoint is one of the most significant demonstrations, in our company’s history, of LifePoint’s commitment to our deeply rooted mission of Making Communities Healthier,” David Dill, president and CEO of LifePoint, said in a statement. “Kindred’s focus on healing and hope, provided through its long-term acute care hospitals, rehabilitation centers and most recently its behavioral health services – an important and growing need across the country–is highly complementary to the current LifePoint network.”