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The merger reinforces LifePoint’s commitment to provide high-quality care near home through Kindred’s Specialty hospitals and rehabilitation expertise and emerging behavioral healthcare platforms
In addition to the proposed transaction, LifePoint will invest US$1.5 billion in the next three years Continue to promote healthcare services in the communities it serves
LifePoint Health and Kindred Healthcare announced today that they have reached a definitive agreement on the acquisition of Kindred Healthcare by LifePoint. The merger of LifePoint Health and Kindred Healthcare will create a leading diversified healthcare delivery network, expand services, resources and expertise to develop and invest in community healthcare, while advancing LifePoint’s mission to make communities healthier.
This press release features multimedia. View the full version here: https://www.businesswire.com/news/home/20210621005692/en/
The transaction combines LifePoint’s national network of community hospitals, providers and access points with Kindred’s expertise in providing long-term acute care, rehabilitation services, and behavioral health services. Guided by LifePoint’s commitment to quality and compliance, this advancing company will be positioned to more fully respond to patient needs across the entire healthcare continuum.
The combination of LifePoint Health and Kindred Healthcare creates a leading community healthcare platform and benefits from:
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A full set of supplementary services to support patients in the entire healthcare continuum;
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Standardized care at the bedside to promote clinical, quality and compliance excellence;
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Opportunities to develop and expand key behavioral health services nationwide; and
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Provide services and technology investment for patients in new and existing markets.
LifePoint expects that a transaction between two companies that provide complementary and unique services will improve healthcare outcomes and accessibility without increasing patient costs. The combination of LifePoint and Kindred is supported by a paper that is based on community healthcare and growth investment, rather than the cost savings that come from uniting organizations.
LifePoint’s healthcare delivery model is based on providing high-quality care to the communities it serves. Since its inception in 1999, LifePoint has established a strategic partnership that will enhance the ability to provide quality care and better serve LifePoint patients and communities. This includes joint ventures with leading academic medical centers, the development of the company’s national quality plan, service line partnerships, and technological advancements and investments to improve the experience of patients and providers. The long-term record of high-quality patient care and impressive industry partnerships will continue to be the focus of the combined organization.
Kindred Healthcare is a leading specialty hospital company in the United States, known for providing compassionate, high-quality post-acute care services that can improve patient outcomes. Kindred’s mission is to provide hope and cure to the most complex patients in medicine. Under the guidance of its mission, it has extensive clinical and operational expertise, innovative patient care methods, and a history of building partnerships to improve community health, especially It is the health of the most vulnerable groups.
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The full story on Benzinga.com
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