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Kindred Healthcare Inc Acquires Rehabilitation Company

Monday, 30 Sep 2013 05:30pm EDT 

Kindred Healthcare Inc announced that it has acquired TherEX, Inc. (TherEX) for a purchase price of $14 million. TherEX, based in Franklin, Tennessee, a suburb of Nashville, provides on-site, hospital-based, rehabilitation services in 11 states. As contract rehabilitation manager, Kindred`s RehabCare division provides therapy services to more than 535,000 patients annually in acute and post-acute settings nationwide. TherEX will be incorporated into RehabCare`s hospital rehabilitative services (HRS) line of business, which specializes in partnering with hospitals in the management of rehabilitation departments serving both the facility`s inpatient and outpatient populations. Prior to the acquisition, HRS managed 103 hospital-based inpatient rehabilitation facilities in 25 states. 

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