Kindred Healthcare

Kindred Healthcare, Inc.
Public
Traded as NYSE: KND
Industry Healthcare
Founded 1985, Louisville, Kentucky, USA
Headquarters Louisville, Kentucky, USA
Key people
Phyllis R. Yale (Chairman)[1]
Benjamin A. Breier (President/CEO)[2]
Stephen R. Cunanan (CPO)[2]
Steven D. Farber (CFO)[2]
Scott Blanchette (CIO)[2]
Products Long-Term Acute Care Hospitals, Nursing and Rehabilitation Centers, Assisted Living Facilities, Rehabilitation Services, Hospice Care, Care Management
Revenue $4.9 Billion USD (2013) [3]
Number of employees
 65,300 [4]
Divisions Transitional Care Hospitals, Nursing and Rehabilitation Centers, Care Management, RehabCare
Website kindredhealthcare.com

Kindred Healthcare Incorporated (NYSE: KND) is a healthcare services company that operates hospitals, nursing centers, and contract rehabilitation services across the United States. Kindred is the largest diversified post-acute healthcare provider in the U.S.[5]

Kindred's headquarters and support center are located in Louisville, Kentucky.

Kindred is a Fortune 500 company, ranked as #410 in 2013.[6] In 2014, Kindred ranked 4th among Health Care: Medical Facilities in Fortune magazine's list of most admired companies.[7] As of August 2013, Kindred Healthcare has 76,000 employees in 46 states and 6 billion in annual revenue.[8]

History

Kindred was founded in 1985 as Vencor, Inc. The current name was adopted on April 20, 2001 following the company's emergence from Chapter 11 bankruptcy.[9]

Divisions

Kindred operates four divisions: Transitional Care Hospitals, Nursing and Rehabilitation Centers, Care Management, and RehabCare. A former fifth division, Kindred Pharmacy Services (KPS), was spun off in a merger with AmerisourceBergen, resulting in the creation of PharMerica.[10]

Transitional Care Hospital

The Transitional Care Hospital division provides long-term acute care services to medically complex patients. Along with traditional freestanding hospitals, Kindred operates hospital-in-hospitals (HIH) that operate in a "host hospital" to provide long term acute care to patients it receives from the short-term acute care units.[11] This division is led by President Steven L. Monaghan.[12]

Nursing and Rehabilitation Centers

The Nursing and Rehabilitation Division of Kindred Healthcare operates nursing and rehabilitation centers and assisted living facilities. Kindred's centers care for both short- and long-term residents.

The Nursing Division is headed by Michael Beal.[2]

Care Management

A series of acquisitions from 2008 through 2011 led to the creation of a separate division for care management.[8]

The Care Management Division of Kindred Healthcare provides home health, hospice and private duty services to patients in a variety of settings, including homes, skilled nursing facilities and other residential settings. The division includes Kindred at Home.[8] Care management services previously fell within the Home Health and Hospice division of Kindred Healthcare.[4]

RehabCare

Kindred's Rehabilitation division serves both Kindred and non-Kindred sites. Services are organized into two operating segments: skilled nursing rehabilitation services (SRS), which provide primarily to freestanding skilled nursing centers; and hospital rehabilitation services (HRS), which provide inpatient program management and therapy services to hospital units and outpatient services to hospital based satellite programs.[11] In June 2011, Kindred combined its previous rehabilitation division with its new acquisition of RehabCare, renaming the division after this acquisition.[13]

RehabCare is headed by Patricia M. Henry.[14]

See also

References

  1. ↑ Kindred Healthcare. "Kindred Healthcare - Investor Relations - Board of Directors". corporate-ir.net. Retrieved April 8, 2015.
  2. 1 2 3 4 5 Kindred Healthcare. "Kindred Healthcare - Investor Relations - Management". corporate-ir.net. Retrieved April 8, 2015.
  3. ↑ "Kindred Healthcare Inc.". Retrieved April 16, 2014.
  4. 1 2 "2013 Annual Report". Retrieved June 11, 2014.
  5. ↑ "Kindred Healthcare, Nation's Largest Post-Acute Healthcare Provider, Selects Allscripts Referral Management". Bio-Web. November 20, 2008.
  6. ↑ Fortune 500. "Fortune 500 2013: Kindred Healthcare". CNN. Retrieved April 16, 2014.
  7. ↑ "World's Most Admired Companies 2014: Kindred Healthcare snapshot". CNN. Retrieved April 16, 2014.
  8. 1 2 3 David A. Mann (2013). "Kindred creates Care Management Division". Retrieved September 21, 2014.
  9. ↑ "Vencor Emerges From Chapter 11; Changes Name to Kindred Healthcare, Inc.". Business Wire. April 20, 2001. Retrieved April 16, 2014.
  10. ↑ Kindred Healthcare (2007). "Amerisourcebergen and kindred healthcare announce completion of transaction to create pharmerica corporation". Kindred Healthcare Press Release. Retrieved December 22, 2009.
  11. 1 2 Kindred Healthcare (2012). "Kindred Healthcare Annual Report: SEC Form 10-K 2012". p. 32. Retrieved June 3, 2013.
  12. ↑ Kindred Healthcare. "Kindred Healthcare - Investor Relations - News Release". corporate-ir.net. Retrieved April 8, 2015.
  13. ↑ Kindred Healthcare, Inc. (2011). "Kindred Healthcare Completes Acquisition of RehabCare Group". Press Release. Retrieved July 5, 2011.
  14. ↑ "Kindred Healthcare Promotes Patricia M. Henry to President of RehabCare Division".

External links

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