Kindred and Select Medical agreed to a transaction involving the “swap” of 5 hospitals. In the deal, Kindred will acquire 5 long term acute care hospitals from Select and will sell four transitional care hospitals. The leased hospitals acquired by Kindred are located in Indiana, Texas, and Colorado. Kindred will divest hospitals it owns in Ohio, Georgia, and Indiana. Kindred operates healthcare facilities in over 45 states including transitional care hospitals, rehabilitation and nursing facilities.