FTC Blesses Kindred's $1.3B RehabCare Purchase

Law360, New York (April 11, 2011, 3:03 PM EDT) -- The Federal Trade Commission last week granted an early termination to its antitrust review of Kindred Healthcare Inc.'s proposed $1.3 billion purchase of RehabCare Group Inc., a deal expected to create the nation's largest post-acute health care services company.

The FTC said April 5 that it had accepted the companies' request for an early termination, meaning the agency has completed its antitrust review of the deal and decided not to take any enforcement action during the statutory waiting period.

Louisville, Ky.-based Kindred Healthcare said Feb. 8...
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