Kindred Healthcare acquires IntegraCare Holdings for $71M Kindred Healthcare announced that its subsidiary has acquired IntegraCare Holdings, a portfolio company of private equity firm Flexpoint Ford, LLC, for a purchase price of $71M in cash plus a potential $4M 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. IntegraCare is a provider of home health, hospice and community services which operates 47 locations across Texas. IntegraCare currently generates annualized revenues of approximately $71M and earnings before interest, income taxes, depreciation and amortization of approximately $9M. The Company expects to achieve annualized synergies of approximately $1.5M once the integration of IntegraCare is fully completed in 2013.
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