RehabCare To Acquire Triumph Healthcare For $570M

Law360, New York (November 4, 2009, 5:19 PM EST) -- Rehabilitation services provider RehabCare Group Inc. will buy Triumph Healthcare, the nation's third-largest provider of long-term acute care, for about $570 million β€” a move designed to expand RehabCare's hospital business that is the company's largest transaction to date.

The merger, subject to customary regulatory approvals, will create an organization with 27 long-term acute care hospitals and six inpatient rehab facilities in 13 states. Two more long-term acute care hospitals are expected to be added in the first half of 2010.

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