Kindred Healthcare, Louisville, Ky., will spend $95 million to acquire Senior Home Care, a Clearwater, Fla.-based home care and hospice services company with 47 locations in two states.
The acquisition will add significant reach to the company’s new Kindred at Home care management division. In August, Kindred purchased Western Reserve Senior Care, a home-care provider in Cleveland.
“Kindred is building its post-acute network to transition patients into home settings,” Senior Home Care CEO Robert Fusco told the Tampa Bay Business Journal. “The government, payers and everyone realize that’s a good thing for them and patients.”
The acquisition is part of Kindred’s ongoing repositioning, including an increased role in home healthcare and the purchase of previously leased skilled nursing properties, according to the company’s financial reports.