Kindred to purchase four long-term care hospitals for $80 million

Share this article:

Kindred Healthcare Inc. agreed to purchase four long-term care acute-care hospitals in Massachusetts from Health Care REIT Inc. for about $80 million.

It previously disclosed that it entered into a non-binding agreement with the real estate investment trust to purchase the real estate associated with these four units in connection with its acquisition of the assets of Commonwealth Communities Holdings LLC. Commonwealth operates the four hospitals.

Both the Health Care REIT and Commonwealth deals are expected to close in the first quarter of 2006.
Share this article:

More in News

Nursing home antipsychotic use has dipped nearly 19% under national effort, latest figures show

Nursing home antipsychotic use has dipped nearly 19% ...

The percent of long-stay nursing home residents receiving antipsychotic medication has decreased 18.8% under a nationwide initiative that started in 2012.

Jimmo succeeds in getting Medicare coverage, two years after landmark case ended

Glenda Jimmo has reached a settlement with the federal government and will finally receive Medicare coverage for claims that were denied in 2007, which led her to file a class-action lawsuit over the so-called "improvement standard."

Breier named new CEO at Kindred

Breier named new CEO at Kindred

Kindred Healthcare announced Thursday that it has chosen a new top executive to lead its push toward creating a mammoth national brand. Benjamin A. Breier, the company's current president and ...