LifeCare Hospitals, part of LifeCare Holdings LLC, specializes in treating chronically ill and medically complex patients in post-acute settings. This week, it announced the acquisition of Haven Home Health, LLC, a multi-location home healthcare provider in the greater Dallas-Fort Worth metro area.
The acquisition is part of LifeCare’s strategic expansion in the post acute market. In May 2011, the company paid $117.5 million for five long-term acute care hospitals owned by HealthSouth Corporation (NYSE: HLS).
LifeCare Holdings itself was acquired by The Carlyle Group in July 2005 for $555 million, from GTCR Golder Rauner. In December 2012, the private equity firm sold LifeCare to its senior secured lenders, Hospital Acquisition LLC, for an undisclosed price.