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.
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