Polsinelli Guides Kindred through $700 Million Skilled Nursing Portfolio Sale

NASHVILLE, Tenn., Oct. 16, 2017 /PRNewswire/ -- Am Law 100 firm Polsinelli is advising Kindred Healthcare Inc. ("Kindred") in its skilled nursing facility portfolio divestiture to BM Eagle Holdings, LLC, a joint venture led by affiliates of BlueMountain Capital Management, LLC ("BlueMountain"), for $700 million in cash. 

The sale includes 89 nursing centers with 11,308 licensed beds and seven assisted living facilities with 380 licensed beds, which collectively have had approximately 11,500 employees in 18 states. 

Kindred first announced the signing of a definitive agreement with BlueMountain on June 30, 2017, and achieved its first closing for the transfer of 54 facilities to BlueMountain on Aug. 31, 2017.  On Oct. 2, 2017, Kindred announced the second closing, transferring an additional 16 facilities to BlueMountain and two facilities to third parties. 

The Polsinelli team advising Kindred is led by Corporate & Transactional Shareholder Bobby Guy, and includes Health Care Shareholder Andy Voss and Corporate & Transactional Shareholder Robert Dempsey.  The Polsinelli team also includes Corporate & Transactional Shareholder Mary Bannister; Health Care Department Chair Matt Murer; Health Care and Corporate & Transactional Associates Peter Eggers, Oliver Davis, and Ashley Gleckler; Real Estate Shareholders Brook Bailey, Mary Jane Judy, and Joseph Bealmear; Benefits Shareholders Henry Talavera and Elizabeth Bray; Labor & Employment Shareholder Mark Nelson; Environmental Shareholder Chris Erker; and Tax Shareholders Bill Sanders and Erik Edwards. 

About Polsinelli  Polsinelli is an Am Law 100 firm with approximately 800 attorneys in 20 offices.  Ranked #17 for Client Service Excellence1 and #10 for best client relationships2 among 650 U.S. law firms, Polsinelli was also named among the top 20 best-known firms in the nation3. The firm's attorneys provide value through practical legal counsel infused with business insight, and focus on health care, financial services, real estate, intellectual property, mid-market corporate, labor and employment, and business litigation. www.polsinelli.com  |  Polsinelli PC | In California, Polsinelli LLP

12017 BTI Client Service A-Team Report  22017 BTI Industry Power Rankings  32017 BTI Brand Elite

For more information:  Carrie Trent  [email protected]

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SOURCE Polsinelli