|Traded as||NYSE: KND|
|Founded||1985, Louisville, Kentucky, USA|
|Headquarters||Louisville, Kentucky, USA|
|Key people||Paul J. Diaz (CEO)
Edward L. Kuntz (Chairman)
Richard E. Chapman (Executive Vice President/CAO/CIO)
Benjamin A. Breier (President/COO)
Stephen R. Cunanan (CPO)
|Products||Long-Term Acute Care Hospitals, Nursing and Rehabilitation Centers, Assisted Living Facilities, Rehabilitation Services|
|Revenue||$6.19 Billion USD (2013)|
|Divisions||Hospital Division, Nursing and Rehabilitation Centers, RehabCare, Kindred Support Center|
Kindred Healthcare Incorporated (NYSE: KND) is a healthcare services company that through its subsidiaries 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.
The company was founded in 1985 as Vencor, Inc. The current name was adopted on April 20, 2001 following its emergence from Chapter 11 bankruptcy. The company's fortunes improved largely post-reorganization. Kindred is a Fortune 500 company, and was ranked as 444 in 2011.
At the close of 2012, 551 facilities were being run and operated by Kindred, including long-term acute care (LTACH) hospitals, Skilled Nursing Facilities, and rehabilitation services. Its headquarters and support center is located in Louisville, Kentucky.
Kindred Healthcare's mission statement is as follows:
|“||Kindred Healthcare's mission is to promote healing, provide hope, preserve dignity and produce value for each patient, resident, family member, customer, employee and shareholder we serve.||”|
Kindred currently operates four separate divisions: the Hospital division, the Nursing Center division, RehabCare, and the Home Health and Hospice division. The expansion of Kindred's home health and hospice operations and changes to its organizational structure led to the creation of the home health and hospice business into a separate division on December 31, 2011. A former fifth division, Kindred Pharmacy Services (KPS), was spun off in a merger with AmerisourceBergen, resulting in the creation of PharMerica.
The Hospital Division of Kindred Healthcare specializes in providng long-term acute care services to medically complex patients. Kindred Healthcare currently operates 116 long-term acute care (LTAC) hospitals and six inpatient rehabilitation hospitals (IRF) in 26 states.
Common services provided by Kindred Healthcare hospitals include:
- Pulmonary services (ventilator management and weaning, tracheostomy management, etc.)
- Critical care services (for such conditions as multi-system failure, heart failure, shock, or pre- or post- transplant care)
- IV antibiotic care (for infections such as septicemia and soft tissue infections)
- Wound care services (management of complex wounds, including diabetic and decubitus ulcers)
- Rehab services for medically complex patients including orthopedic, cardiac and pulmonary rehab
- Sub-acute and outpatient programs (rehabilitation, surgery, comprehensive wound treatment including hyperbaric oxygen therapy)
Kindred operates both freestanding hospitals and hospital-in-hospitals. As of December 31, 2011, Kindred ran 92 frestanding hospitals. Along with traditional freestanding hospitals, Kindred operates 25 hospital-in-hospitals (HIH). An HIH operates in a "host hospital", where it provides LTAC services to patients it receives from the short-term acute care units.
The Hospital Division had revenues of $2.9 billion in 2012, making Kindred the largest network of LTAC hospitals in the United States. Leading the Hospital Division is Division President Steven L. Monaghan.
Nursing Center Division
The Nursing Center Division (NCD) of Kindred Healthcare operates nursing and rehabilitation centers and assisted living facilities. Like most nursing homes, Kindred's centers care for both short-term residents (focus on rehabilitation) and long-term residents (often with multiple medical, cognitive, or emotional problems). As of 2012, Kindred operated 223 nursing and rehabilitation centers and six assisted living facilities in 27 states. In October 2011 Kindred reorganized its NCD from three regions to two regions and from 23 districts to 13.
The Nursing Center Division had $2.1 billion in revenues in 2012, making them the fourth largest nursing center operator in the United States. The division is headed by Executive Vice President Lane M. Bowen.
Common services provided by NCD nursing and rehabilitation centers include:
- IV therapy for infections and total parenteral nutrition (TPN)
- Non-invasive mechanical ventilation (C-PAP/BI-PAP)
- Tracheostomy care and removal
- Feeding tubes
- Comprehensive wound care
- Inpatient and outpatient physical, occupational, and speech-language therapy
- Hospice care
- Assisted living
In 2010, 32 of Kindred Healthcare's nursing and rehabilitation centers received the American Health Care Association's Quality Award. Over 92% of its nursing center division centers have achieved American Health Care Association/National Center for Assisted Living quality awards since 2003.
In June 2011, Kindred acquired RehabCare. As part of the transaction, Kindred combined its rehabilitation division, known as Peoplefirst Rehabilitation, and RehabCare. The combined division is called RehabCare.
The Rehabilitation Division of Kindred Healthcare provides various rehabilitation services, including physical and occuptaional therapies and speech pathology services. The Rehabilitation Division is organized into two operating segments: skilled nursing rehabilition services (SRS) and hospital rehabilitation services (HRS). The SRS operations provide primarily to freestanding skilled nursing centers, while the HRS operations provide program management and therapy services on an inpatient basis to hospital units and on an outpatient basis to hospital based satellite programs.
Kindred's Rehabilitation division serves Kindred sites in addition to non-Kindred facilities. The rehab units in Kindred hospitals and nursing centers are staffed and managed by RehabCare. Peoplefirst Rehabilitation was established as a separate division in 2004. In 2011, RehabCare generated revenues of $1.0 billion. This division is headed by Patricia M. Henry.
Home Health and Hospice
The Home Health and Hospice Division of Kindred Healcare provides home health, hospice and private duty services to patients in a variety of settings, including homes, skilled nursing facilities and other residential settings.
Common services provided by the Home Health and Hospice Division are:
- Pain and symptom management
- Respite care
- Personal care (bathing and grooming)
- Comprehensive wound care
- Inpatient and outpatient physical, occupational, and speech-language therapy
- Emotional and spiritual counseling
- Skilled Nursing Visits
- Medication Teaching/Administration
Peoplefirst Home Health and Hospice's first site opened in the spring of 2008. As of December 31, 2012 PeopleFirst HomeCare and hospice provided home health, hospice and private duty services from 51 locations in eight states  and reported a revenue of 143 million dollars.
Kindred Support Center
The support center (formally known as "Corporate") for all Kindred facilities is located at company headquarters in Louisville, Kentucky. The staff of about 1000 employees is headed by Executive Vice President, CAO and CIO Richard Chapman.
Awards and recognition
In 2012, the Kindred Support Center was named one of the Top 25 Best Places to Work in Kentucky among large-sized companies for the sixth year in a row. It was presented to Kindred by the Kentucky Society for Human Resource Management State Council and the Kentucky Chamber of Commerce. The selection was based on an assessment of the company's employee policies and procedures, as well as the results of an internal employ ee survey.
In 2012, Kindred ranked 5th among Health Care: Medical Facilities in Fortune magazine's list of most admired companies.
On August 14, 2001, the company announced that it would restate certain of its previously issued consolidated financial statements filed with the securities and Exchange Commission
- Kindred Healthcare's Fortune 500 Profile
- As of December 31, 2012.
- Kindred Healthcare - Nation's Largest Post Acute Healthcare Provider
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- Updated in Spring 2008.
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- Before eliminations
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- Best Places to Work In Kentucky, Best Companies Group
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