Post by Logan on Jun 21, 2016 19:41:37 GMT -6
LITTLE ROCK — The state Department of Health said Monday it has signed an agreement with a private company to acquire the agency's in-home health-care operations for $39 million.
The transaction with Louisville, Ky.-based Kindred Healthcare is expected to close in the third quarter of this year, pending regulatory and other approvals, the Health Department said. The agreement calls for the company to take over home health, hospice and personal care services throughout the state.
Kindred's services will expand from six offices in four counties to offices in 70 of the state's 75 counties in Arkansas. The company will acquire the agency's 74 home-health locations serving 69 counties, seven offices providing hospice services in 42 counties and its personal care services business that assists patients with activities of daily living.
As part of the agreement, Kindred agreed to retain all current employees and agreed to serve all current patients upon consent.
Read more: swtimes.com/news/arkansas-enters-deal-private-home-care-company
The transaction with Louisville, Ky.-based Kindred Healthcare is expected to close in the third quarter of this year, pending regulatory and other approvals, the Health Department said. The agreement calls for the company to take over home health, hospice and personal care services throughout the state.
Kindred's services will expand from six offices in four counties to offices in 70 of the state's 75 counties in Arkansas. The company will acquire the agency's 74 home-health locations serving 69 counties, seven offices providing hospice services in 42 counties and its personal care services business that assists patients with activities of daily living.
As part of the agreement, Kindred agreed to retain all current employees and agreed to serve all current patients upon consent.
Read more: swtimes.com/news/arkansas-enters-deal-private-home-care-company