June 22, 2021 – LifePoint Health and Kindred Healthcare have entered into a definitive agreement for LifePoint to acquire Kindred Healthcare.
The transaction brings together LifePoint’s national network of community-based hospitals, providers and access points with Kindred’s expertise in delivering long-term acute care, rehabilitation services and behavioral health services.
Following the transaction, the company will be positioned to respond more comprehensively to patients’ needs across the healthcare continuum. The companies say that the combination will allow for:
- A full array of complementary services supporting patients across the healthcare continuum
- Standardized care at the bedside that advances clinical, quality and compliance excellence
- Opportunities to develop and expand critical behavioral health services across the country
- Investments in services and technology for patients in new and existing markets.
LifePoint will invest $1.5 billion over the next three years to improve care for the communities that the combined organization will serve. This commitment includes investments in:
- Capital projects to improve healthcare delivery and increase access points
- Technology, digital solutions, and equipment to increase local access to advanced services
Over the last several years, Kindred has formed joint ventures and partnerships with leading hospitals across the country. This joint venture strategy has enabled Kindred to expand into new geographies, while enhancing access to value-based healthcare services.
Together, LifePoint and Kindred will continue advancing this strategy to partner with respected health systems, payers and other providers to offer services in areas where they do not currently operate.
Upon receipt of regulatory approvals and satisfaction of customary closing conditions, the transaction is expected to be completed in the fourth quarter of 2021.