Skilled Healthcare to Acquire Leading New Mexico Home Health Care Agency

Skilled Healthcare Group, Inc. SKH today announced that one of its subsidiaries has agreed to acquire Altura Homecare & Rehab, a leading home health care agency serving the Albuquerque, New Mexico market. Altura, which began operations in 2006, has contracts with key insurance and managed care providers and serves patients throughout the Albuquerque metropolitan area. Chris Tapia, Altura's majority owner and operator since 2009, will continue to manage the business and be active in its operations following the closing. The parties expect the closing to occur in July 2011, subject to customary closing conditions. Skilled Healthcare expects the transaction to be slightly accretive in 2011. "The Altura acquisition provides us with a great opportunity to expand the range of services our companies offer patients in the Albuquerque area by welcoming another established and successful home health agency to the Skilled Healthcare family," said Boyd Hendrickson, Chairman and CEO of Skilled Healthcare Group. "Under Chris' leadership, Altura has established itself as one of the premier home health agencies in the Albuquerque market, and we look forward to seeing that success continue going forward. We believe the acquisition is an important step in implementing our strategic plan to offer home health and hospice services in markets where we have a strong skilled nursing presence, and will provide growth opportunities for both Altura and our existing Albuquerque skilled nursing and hospice companies."