Select Rehabilitation plans new financing for RehabCare purchase

By Sara Rosenberg

New York, Oct. 5 – Select Rehabilitation has received a commitment for financing to fund its acquisition of Kindred Healthcare LLC’s RehabCare business line, according to a news release.

Truist, BBVA Securities and Fifth Third Bank provided the commitment.

Closing is expected this year, subject to customary conditions, including the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.

Select Rehabilitation is a Glenview, Ill.-based provider of contract rehabilitation services. RehabCare is a provider of contract therapy services.

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