Kindred Healthcare buys 22 under-performing facilities for $171.5M

Kindred Healthcare, one of the remaining major players in the nursing home operator market, has announced that it has purchased 22 facilities from Real Estate Investment Trust, Ventas. Kindred had been leasing the facilities from Ventas, and has agreed to pay a price of $171.5 million, as well as a $3.5 million lease termination fee, in order to purchase the properties out of which it ran its underperforming nursing homes.

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