Kindred Acquires IntegraCare for $71M in Cash Plus a Potential $4M Cash Earn Out

Kindred Healthcare KND today announced that its subsidiary has acquired IntegraCare Holdings, Inc. (“IntegraCare”), a portfolio company of private equity firm Flexpoint Ford, LLC, for a purchase price of $71 million in cash plus a potential $4 million cash earn out based on 2013 earnings growth. The Company financed the transaction with operating cash flows and proceeds from its revolving credit facility. IntegraCare had no outstanding long-term debt at closing.