by
John R. Fischer, Senior Reporter | January 04, 2022
The two will also have a transition services agreement to ensure ScionHealth has labor, IT, billing, legal and other types of support for a set period following the completion of the deal. Both have complied with all of the Federal Trade Commission’s requests and have demonstrated no market overlaps between the two.
Both LifePoint and Kindred are backed by private equity firms. LifePoint was acquired by PE firm Apollo for $5.6 billion in 2018, while a number of PE groups, including Humana, bought Kindred in 2017 for $4.1 billion. The groups later split off their long-term care and home health businesses,
according to Healthcare Dive. Humana agreed to buy the remaining stake in Kindred at Home for $5.7 billion in April of that year, the largest acquisition in the payer's history.
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While completed, the deal could still be challenged by the Federal Trade Commission.
Financial details for the agreement were not disclosed.
Neither LifePoint nor Kindred responded to HCB News for comment.
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