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LifePoint Health to acquire Kindred Healthcare

June 21, 2021

ALEX KACIK 

LifePoint Health signed a definitive agreement to acquire Kindred Healthcare, the for-profit health systems announced Monday.

The transaction would create a massive national health system that combines LifePoint’s 87 hospitals with Kindred’s vast post-acute footprint. LifePoint plans to invest $1.5 billion in Kindred over the next three years.

“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,” LifePoint CEO David Dill said in prepared remarks.

The deal is expected to close in the fourth quarter.

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