LifePoint Health has completed its acquisition of Kindred Healthcare and the launch of ScionHealth. The deal expands LifePoint’s presence as a diversified healthcare delivery network across 29 states.
The business combination includes a presence in 65 community hospital campuses, 30 rehabilitation and behavioral health hospitals, and 170 additional care sites. Additionally, the launch of ScionHealth includes 79 hospital campuses.
LifePoint works to drive innovation in care through identifying, investing and deploying services to improve quality, access and patient outcomes. The firm has 50,000 employees and 3,000 employed providers working across the healthcare spectrum.
“Today, we begin a new chapter in the future of LifePoint Health,” said David Dill, chairman and CEO of LifePoint. “By adding Kindred Healthcare’s rehabilitation and behavioral health expertise and businesses to LifePoint, we are well positioned to advance healthcare delivery in communities across the country by focusing on quality, innovation and value in markets where we can build and support diverse services and sites of care.”
Barclays and Guggenheim Securities, LLC, served as financial advisors to Kindred, and Debevoise & Plimpton LLP and Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C., served as legal counsel to Kindred. Financing for the transaction was provided by Barclays, Citi, and RBC Capital Markets. . Sidley Austin LLP, K&L Gates, LLP, and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to LifePoint Health.