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Photo of Benjamin A. Breier The sale represents “a significant step forward in transforming home healthcare in America by enhancing access to care and reducing costs for people living with chronic conditions,” says Breier.

LOUISVILLE, KY—Kindred Healthcare Inc. is being taken private by a group that includes TPG Capital, Welsh Carson and Humana, but its real estate arrangements will remain intact. The $4.1-billion privatization comes nearly six months after Kindred entered an agreement to sell its skilled nursing facility business to a joint venture led by affiliates of BlueMountain Capital Management for $700 million in cash, a sale that entailed Kindred buying 36 SNF properties that it leases from Ventas Inc.

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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