Flexpoint Ford has sold IntegraCare to Kindred Healthcare (NYSE: KND) for $71 million in cash, plus a potential $4 million cash earn out. With 47 locations across Texas, IntegraCare provides home health, hospice and community services. Flexpoint Ford acquired a majority stake in the company in 2007.
The Healthcare industry has been experiencing a boost in exit activity over the last couple of years. Since the beginning of 2008, private equity investors have sold or taken public 200 U.S. companies in the Healthcare industry, according to the PitchBook Platform. With 39 exits completed in the industry so far this year, 2012 is on track to best 2010's final count of 52 and post the second-highest yearly exit count for the industry ever. The busiest year for Healthcare exit activity was 2011, which saw 63 exits. Exits from Healthcare Services companies like IntegraCare comprise almost half (47%) of the activity since 2008.
*2012 to date
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