Kindred operates long-term acute care hospitals, inpatient rehabilitation hospitals, and home health care and hospice businesses across the country.
Kindred Healthcare said in a release it intends to use the proceeds to pay down debt and eventually invest money in home health and hospice acquisitions.
The sale includes 15 transitional care hospitals (licensed as long-term acute care hospitals), one inpatient rehabilitation facility, and one skilled nursing facility, Kindred said.
As a long-term care facility, Kindred Dayton serves medically complex patients needing extended hospital stays.
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