Kindred Healthcare to draw on revolver for Western Reserve purchase

By Sara Rosenberg

New York, Aug. 28 - Kindred Healthcare Inc. plans to use borrowings under its revolving credit facility to fund the acquisition of Western Reserve Senior Care, according to a news release.

Closing is expected in the third quarter, subject to customary conditions.

Kindred Healthcare is a Louisville, Ky.-based health care services company. Western Reserve is a Cleveland, Ohio-based physician-led primary care practice that delivers care in home-based settings.

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