Kindred Healthcare, LLC (“Kindred” or the “Company”) announced Monday it has signed a definitive agreement with WellBridge Healthcare (“WellBridge”) to acquire two behavioral health hospitals, WellBridge Greater Dallas and WellBridge Fort Worth, in the Dallas-Fort Worth metropolitan area. WellBridge Greater Dallas and WellBridge Fort Worth provide a full continuum of inpatient and outpatient behavioral health services to senior and adult populations in North Texas. Each hospital has 48 licensed beds and both are regional leaders in behavioral healthcare with a history of providing exceptional behavioral health treatment services and superior clinical outcomes. Kindred plans to continue using the WellBridge name. The transaction is expected to close in the summer of 2020, subject to the receipt of standard regulatory approvals and customary closing conditions.
Read the full article: Kindred Healthcare to Expand Behavioral Health Services with Acquisition of Two Hospitals in Texas //
Source: https://www.businesswire.com/news/home/20200601005668/en/Kindred-Healthcare-Expand-Behavioral-Health-Services-Acquisition