LifePoint Health Acquires Kindred Healthcare

Healthcare company LifePoint Health has agreed to buy Kindred Healthcare. The financial details of the deal were not disclosed, and is expected to be completed in the last quarter of this year.

According to LifePoint Health, with the acquisition of Kindred Healthcare, patients can access improved and better healthcare facilities at the minimum expenses possible.

LifePoint will also invest a sum of $1.5 billion over the coming three years to improve the personal and professional lives of all its employees, capital investment to improve delivery of services and increase access points. The company will also invest in technology solutions and equipment to increase local access to higher level services.

Commenting on the acquisition, President and Chief Executive Officer David Dill said, "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. 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."

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