Kindred Healthcare

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Kindred Healthcare, Inc.
Type Public
Traded as NYSEKND
Industry Healthcare
Founded 1985, Louisville, Kentucky, USA
Headquarters Louisville, Kentucky, USA
Key people Paul J. Diaz (CEO)
Phyllis R. Yale (Chairman)
Benjamin A. Breier (President/COO)
Stephen R. Cunanan (CPO)
Steven D. Farber (CFO)
Scott Blanchette (CIO)
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) [1]
Employees 65,300 [2]
Divisions Transitional Care Hospitals, Nursing and Rehabilitation Centers, Care Management, RehabCare
Website kindredhealthcare.com

Kindred Healthcare Incorporated (NYSEKND) 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.[3]

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

Kindred is a Fortune 500 company, ranked as #410 in 2013.[4] In 2014, Kindred ranked 4th among Health Care: Medical Facilities in Fortune magazine's list of most admired companies.[5]

History[edit]

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.[6]

Divisions[edit]

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.[7]

Transitional Care Hospital[edit]

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.[8] This division is led by President Steven L. Monaghan.[9]

Nursing and Rehabilitation Centers[edit]

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.

Care Management[edit]

See also: Kindred at Home

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. Care management services previously fell within the Home Health and Hospice division of Kindred Healthcare.[2]

Through acquisition of various home health and hospice companies from 2008 through 2011, Kindred Healthcare began to expand these services into more states. The creation of a separate division for care management was announced in August 2013, leading to the development of the Kindred at Home branch of Kindred Healthcare that included these acquisitions.[10]

RehabCare[edit]

RehabCare Logo.jpg

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.[8] In June 2011, Kindred combined its previous rehabilitation division with its new acquisition of RehabCare, renaming the division after this acquisition.[11]

RehabCare is headed by Patricia M. Henry.[12]

See also[edit]

Kindred at Home

References[edit]

External links[edit]