RehabCare Group (RHB) Acquires Triumph HealthCare for $570M
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RehabCare Group, Inc. (NYSE: RHB) entered into a definitive merger agreement with Triumph HealthCare, a leading developer and operator of long-term acute care hospitals (LTACHs) in the U.S., for a purchase price of $570.0 million, subject to adjustment.
Triumph’s trailing 12-month revenues through September 30, 2009 were $439.7 million and adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) was $89.7 million.
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