Kindred Healthcare, Inc. (KND) to Acquire IntegraCare for $71M
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Price: $9.00 --0%
Financial Fact:
Salaries, wages and benefits: 957.64M
Today's EPS Names:
EDXC, BICX, FBPI, More
Financial Fact:
Salaries, wages and benefits: 957.64M
Today's EPS Names:
EDXC, BICX, FBPI, More
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Kindred Healthcare, Inc. (NYSE: KND) announced that its subsidiary has acquired IntegraCare Holdings, Inc. , 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.
The Company expects that the transaction will be slightly accretive to earnings in 2012 and $0.07 to $0.09 per diluted share accretive to earnings in 2013.
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.
The Company expects that the transaction will be slightly accretive to earnings in 2012 and $0.07 to $0.09 per diluted share accretive to earnings in 2013.
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