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Kindred acquires Centerre Healthcare

Centerre has 1,600 employees

LOUISVILLE, Ky. (Jan. 2, 2015) — Kindred Healthcare, Inc. today announced that it has completed the acquisition of Centerre Healthcare Corporation for approximately $195 million.

kindredCenterre, which employs 1,600, currently operates 11 Inpatient Rehabilitation Hospitals with 612 beds in partnership with some of the nation’s leading acute care hospital systems through joint ventures. Centerre has two additional hospitals with a total of 90 beds under construction and scheduled to open in 2015, and a pipeline of additional potential hospitals in various stages of development.

With the acquisition, Kindred establishes a focused growth platform and business line known as Kindred Hospital Rehabilitation Services, which combines the strengths of RehabCare, Kindred’s Rehabilitation Hospitals and Centerre. The business operates in 36 states in 384 locations and will continue to operate under Kindred’s RehabCare Division.