Kindred Healthcare, Inc. KND and RehabCare Group, Inc. RHB today jointly announced that the waiting period under the Hart-Scott-Rodino Improvement Act of 1976 for Kindred's previously announced acquisition of RehabCare was terminated on April 8, 2011.
On February 8, 2011, Kindred and RehabCare announced that Kindred had agreed to acquire RehabCare pursuant to which each holder of RehabCare common stock will receive $26.00 per share in cash and 0.471 of a share of Kindred common stock. The transaction is expected to close by June 30, 2011.
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