AUGUSTA, Ga. (April 04, 2011) – CareSouth Homecare Professionals today announced that it has sold its four California home healthcare agencies to Kindred Healthcare, Inc. The agencies are located in Southern California and the San Jose area. Financial terms of the transaction were not disclosed.

“This is a powerful move that will allow CareSouth to better utilize our resources closer to our core operations,” said Rick Griffin, President and Chief Executive Officer of CareSouth.  “While we were not seeking a buyer for these operations when Kindred approached us, this transaction made a lot of sense for all, both financially and strategically. We want to focus our attention on our substantial opportunities for growth and on extending our reach in the Southeast, Southwest, Gulf Coast and Mid-Atlantic areas of the United States. Kindred Healthcare is situated within the service areas of these California agencies and operates more than a dozen hospitals, as well as nursing and rehab centers. The Kindred team shares our same values for putting patient care first in all that they do. The sale of our California locations to such a strong leader in healthcare will provide more choices for patients geographically as well as more opportunities for their current employees. This transaction is a great opportunity for Kindred to expand its continuum of care in California, and the significant positive financial return for CareSouth allows us to accelerate our regional expansion strategy.  It’s a win-win for everyone.” 

See the full press release here.