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Kindred to buy Walnut Creek’s Professional HealthCare home health firm for $51M in cash
San Francisco Business Times

Professional HealthCare LLC, which owns 27 home health care and related locations in Northern California and several western states, has been sold to giant Kindred HealthCare Inc. for $51 million in cash, the Louisville, Ky.-based buyer said. Professional HealthCare, based in Walnut Creek, is a portfolio company of San Francisco’s Mainsail Partners private equity firm. It provides home health, hospice and private duty nursing services, along with durable medical equipment, netting about $53 million in annual revenues.

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