Long-Term Care

Monday, August 22, 2011

Kindred To Buy Calif.-Based Home Health Firm for $51M

Kentucky-based Kindred HealthCare will purchase Walnut Creek, Calif.-based Professional HealthCare for $51 million in cash. Professional HealthCare provides home health, hospice and private duty nursing services, as well as durable medical equipment. The acquisition is expected to close by the end of the third quarter.