Select Rehabilitation and Kindred Healthcare LLC have signed a definitive agreement whereby Select will acquire Kindred’s RehabCare business line. Transaction terms were not disclosed.

The transaction will expand Select Rehabilitation’s services to more than 2,300 post-acute skilled nursing facilities, CCRCs, assisted and independent living facilities, schools and home health locations in 43 states, featuring more than 17,000 rehabilitation therapists to serve them.

RehabCare’s experienced leadership team is joining Select, ensuring a smooth transition for clients and supporting Select’s continued growth, according to a media release.

“Select’s acquisition of RehabCare presents exciting growth opportunities based on the companies’ shared cultural foundation of clinical excellence, quality care provision and outstanding customer service.

“The addition of RehabCare’s management and therapy teams will solidify Select’s best-in-class reputation, while the expanded operations will position us to leverage our technology solutions beyond the contract therapy healthcare sector.”

— Anna Gardina Wolfe, Select’s CEO and co-founder

“Select shares many of our core values and is led by a senior management team whose number-one priority is doing what is best for the patients entrusted to their care.

“Select is poised to enhance the quality and breadth of their services to customers and to bring new professional and growth opportunities for RehabCare team members.”

— Benjamin A. Breier, Kindred’s president and CEO

“When we founded Select 22 years ago with a single facility in Illinois, our vision simply was to provide a better solution for post-acute care rehabilitation.

“Our ability to acquire RehabCare enhances Select’s position as a leading industry provider of contract rehabilitation services and is a true testament to the strength of our amazing leadership team, dedicated therapists and extremely loyal customer base.”

— Neal Deutsch, Select’s chairman and co-founder

The transaction is expected to close in 2020.

[Source(s): Select Rehabilitation, Business Wire]

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