Kindred Healthcare Acquires Home Health Company for $51M

Kindred Healthcare, Inc. KND today announced that its subsidiary has acquired the equity of Professional HealthCare, LLC, a portfolio company of Mainsail Partners, for a purchase price of $51 million in cash. Professional is a provider of home health, hospice, private duty nursing services and durable medical equipment. The Company used its operating cash flows and proceeds from its revolving credit facility to finance the transaction. Professional had no outstanding long-term debt at closing.