Kindred Healthcare Inc. (NYSE: KND) has closed a $95 million deal for Senior Home Care Inc.
Senior Home Care, headquartered in Clearwater, Fla., provides home health care in Florida and Louisiana.
The buyer expects to expand its home care division through the deal. Kindred funded the deal with cash flows and proceeds from its revolving credit facility.
The deal was announced in October. Louisville, Ky.-based Kindred announced in November that it would buy nine nursing centers for $83 million. In September, the company sold 16 health care facilities to Vibra Healthcare LLC because they were outside of Kindred’s designated care markets.
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