Debevoise Advises Kindred in the Sale of Its RehabCare Business Line to Select Rehabilitation

7 October 2020

Debevoise & Plimpton LLP is advising Kindred Healthcare, LLC in the sale of its RehabCare business line, a provider of contract therapy services in 43 states, to Select Rehabilitation, a leading provider of contract rehabilitation services. For more information, please see the parties’ joint press release.

Kindred is a healthcare services company based in Louisville, Kentucky with annual revenues of approximately $3.1 billion. RehabCare, part of Kindred Rehabilitation Services provides contract therapy services in 43 states across multiple settings including skilled nursing facilities, assisted living facilities, independent living facilities, continuing care retirement communities and outpatient facilities. Select Rehabilitation is a leading provider of contract rehabilitation services at more than 900 facilities located in 35 states.

The Debevoise team is led by M&A partner Andrew Bab and includes M&A associates Zhiyan Cao, Mihai Chitulescu, Priscila Park and Sergio Torres, finance partner Jeffrey Ross and associates Yean Do and Ryan Rafferty, benefits partner Lawrence Cagney and associate Zain Kazmi, tax partner Gary Friedman and associates Benjamin Friedman and Samuel Krawiecz, intellectual property partner Henry Lebowitz and associates Jose Angel Lamarque and Jason LeBlanc and banking associate Courtney Bradford Pike.