BRENTWOOD, Tn. — Hospital system owner LifePoint Health will acquire Louisville-based Kindred Healthcare, creating an extensive health system that brings together LifePoint’s national network of community-based hospitals and providers with Kindred’s expertise in delivering long-term acute care, rehabilitation services and behavioral health services.
Kindred has approximately 1,000 employees in the Louisville area and about 24,000 nationwide. CEO Benjamin Breier said Kindred will retain its brand name, management team and its Louisville headquarters.
LifePoints, headquartered in Brentwood, Tenn., has nearly 90 hospitals across 29 states — including 10 in Kentucky — and employs a workforce of approximately 53,000. Kindred operates 62 long-term care hospitals, 100-plus acute rehabilitation facilities, 25 inpatient rehabilitation facilities and two behavioral health centers.
Kentucky’s hospitals in the LifePoint system are: Bluegrass Community Hospital, Versailles; Bourbon Community Hospital, Paris; Clark Regional Medical Center, Winchester; Fleming County Hospital, Flemingsburg; Georgetown Community Hospital, Georgetown; Jackson Purchase Medical Center, Mayfield; Lake Cumberland Regional Hospital, Somerset; Logan Memorial Hospital, Russellville; Meadowiew Regional Medical Center, Maysville; and Spring View Hospital, Lebanon.
LifePoint plans to invest $1.5 billion in the combined company over the next three years. The investment will focus on the personal and professional growth of employees, particularly nurses and frontline staff; capital projects to improve health care access and delivery; and technology and equipment to increase local access to advanced services.
A statement announcing the acquisition noted that “the combination LifePoint and Kindred is supported by a thesis predicated on investment in community health care and growth – not on cost-savings resulting from bringing the organizations together.”
As both companies are privately held, the financial details of the agreement have not been disclosed. The transaction is expected to close in the fourth quarter.
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