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Kindred Healthcare to Acquire Centerre Healthcare

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Kindred announced it has signed a definitive agreement to acquire Centerre Healthcare Corporation for a purchase price of approximately $195 in cash, reports Healthcare Dive.

Centerre Healthcare Corporation is a national company dedicated to operating Inpatient Rehabilitation Hospitals, currently operating 11 facilities totaling 612 beds. In addition, Centerre has two additional hospitals scheduled to open to 2015.

All of Centerre’s hospitals are leased and are expected to have approximately $20 million of rent expense in 2014.

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