{{Short description|U.S. healthcare company}} {{Use mdy dates|date=January 2026}} {{Infobox company | name = Kindred Healthcare, LLC | logo = Kindred Healthcare logo.svg | type = Private | industry = Healthcare | foundation = {{start date and age|1985}} in Louisville, Kentucky, U.S. | location = Louisville, Kentucky, U.S. | area_served = United States | key_people = {{unbulleted list|Benjamin Breier<br />{{small|(President & CEO)<ref name="corp mgmt">{{cite web|url=http://phx.corporate-ir.net/phoenix.zhtml?c=129959&p=irol-govmanage|title=Kindred Healthcare - Investor Relations - Management|author=Kindred Healthcare|work=corporate-ir.net|accessdate=April 8, 2015}}</ref>}}|Charlie Wardrip<br />{{small|(CIO)<ref name="corp mgmt"/>}}}} | revenue = {{US$|6.034 billion|link=yes}} {{small|(2017)}}<ref name="10-K">{{cite web|url=https://www.sec.gov/Archives/edgar/data/1060009/000156459018003936/knd-10k_20171231.htm |title=Kindred Healthcare, Inc. 2017 Annual Report (Form 10-K) |date=February 2018 |publisher=U.S. Securities and Exchange Commission |website=sec.gov}}</ref> | operating_income = {{US$|-166 million}} {{small|(2017)}}<ref name="10-K" /> | net_income = {{US$|-698 million}} {{small|(2017)}}<ref name="10-K" /> | assets = {{US$|5.233 billion}} {{small|(2017)}}<ref name="10-K" /> | equity = {{US$|123 million}} {{small|(2017)}}<ref name="10-K" /> | num_employees = ~38,300 {{small|(June 2018)}}<ref name="10-K" /> | divisions = {{bulleted list|Kindred Hospitals|Kindred Rehabilitation Services|Kindred Behavioral Health}} | website = {{URL|kindredhospitals.com}} }} '''Kindred Healthcare''' is a healthcare company that operated long-term acute-care hospitals and provides rehabilitation services across the United States.
Kindred's headquarters and support center were located in Louisville, Kentucky.<ref>{{Cite web|url=http://fortune.com/fortune500/kindred-healthcare/|title=Kindred Healthcare|website=Fortune|access-date=December 24, 2018|archive-date=December 25, 2018|archive-url=https://web.archive.org/web/20181225024648/http://fortune.com/fortune500/kindred-healthcare/|url-status=dead}}</ref>
In 2021, a transaction between Kindred Healthcare and LifePoint Health resulted in the creation of ScionHealth, a new healthcare system.<ref name="healthleadersmedia.com">{{Cite web |title=LifePoint, ScionHealth CEOs Share Successful Acquisition and Launch |url=https://www.healthleadersmedia.com/strategy/lifepoint-scionhealth-ceos-share-successful-acquisition-and-launch |access-date=October 18, 2022 |website=www.healthleadersmedia.com |language=en}}</ref>
==History== [[File:Kindred hospital.jpg|thumb|Kindred Hospital - San Francisco Bay Area in San Leandro, California operated by Kindred Healthcare]] Kindred was founded in 1985 as '''Vencor, Inc.''' The name Kindred Healthcare was adopted on April 20, 2001, following Vencor's emergence from Chapter 11 bankruptcy. Kindred went public in 2001 on the New York Stock Exchange with the symbol KND.<ref>{{cite web|url=http://www.thefreelibrary.com/Vencor+Emerges+From+Chapter+11%3b+Changes+Name+to+Kindred+Healthcare%2c...-a073447434|title=Vencor Emerges From Chapter 11; Changes Name to Kindred Healthcare, Inc.|date=April 20, 2001|publisher=Business Wire|accessdate=April 16, 2014|archive-date=April 16, 2014|archive-url=https://web.archive.org/web/20140416235905/http://www.thefreelibrary.com/Vencor+Emerges+From+Chapter+11%3b+Changes+Name+to+Kindred+Healthcare%2c...-a073447434|url-status=dead}}</ref><ref>{{Cite web|url=https://wallmine.com/nyse/knd/ipo-year|title=Kindred Healthcare IPO year (KND) – wallmine.com|website=wallmine.com|access-date=July 31, 2018}}</ref>
In February 2011, Kindred Healthcare agreed to acquire RehabCare Group for approximately $900 million in cash and stock to create, at the time, the largest post-acute health care services company in the United States.<ref>{{Cite news|url=https://dealbook.nytimes.com/2011/02/08/kindred-healthcare-to-buy-rehabcare-for-900-million/|title=Kindred Healthcare to Buy RehabCare for $900 Million|last=Protess|first=Ben|work=DealBook|date=February 8, 2011 |access-date=July 31, 2018|language=en}}</ref>
In October 2014, Kindred Healthcare, Inc. and Gentiva Health Services, a provider of home health care, hospice and related services in the United States, announced a merger agreement under which Kindred would acquire all outstanding shares of Gentiva common stock for $19.50 per share in a combination of cash and stock. The deal was officially signed into agreement effective January 31, 2015, with Gentiva becoming a wholly owned subsidiary of Kindred.<ref>{{Cite web|url=https://www.sec.gov/Archives/edgar/data/1096142/000119312514447133/d822362ddefm14a.htm|title=DEFM14A|website=www.sec.gov|access-date=August 1, 2018}}</ref><ref>{{Cite web|url=https://www.bizjournals.com/louisville/news/2014/10/09/after-long-struggle-kindred-acquiring-atlanta.html|title=After long struggle, Kindred acquiring Atlanta company for $1.8 billion|website=www.bizjournals.com|access-date=August 1, 2018}}</ref>
In June 2017, Kindred announced a definitive agreement with BM Eagle Holdings, LLC, a joint venture led by affiliates of BlueMountain Capital Management, to sell the company's skilled-nursing facility business for $700 million. The sale included 89 nursing centers with 11,308 licensed beds and seven assisted living facilities with 380 licensed beds, which collectively had approximately 11,500 employees in 18 states.<ref>{{Cite news|url=https://www.businesswire.com/news/home/20170630005847/en/Kindred-Announces-Definitive-Agreement-Divest-Skilled-Nursing|title=Kindred Announces Definitive Agreement to Divest Skilled Nursing Facility Business|access-date=August 8, 2018|language=en}}</ref>
In December 2017, Kindred Healthcare Inc. announced that it would be acquired for approximately $4.1 billion by a consortium of three companies: TPG Capital, Welsh, Carson, Anderson & Stowe (WCAS) and Humana.<ref>{{Cite web|url=https://www.courier-journal.com/story/money/companies/2018/07/02/humana-firms-close-purchase-kindred-healthcare/751850002/|title=Humana firms close purchase kindred healthcare|website=Courier Journal}}</ref> The acquisition was contested by shareholder Brigade Capital Management, who filed a suit with the SEC in March 2018 and submitted a letter to Kindred's board and management arguing that the $9 per share price offered by the deal was "grossly inadequate."<ref>{{cite web|url=https://www.bizjournals.com/louisville/news/2018/03/09/major-kindred-healthcare-investor-sues-to-stop.html|title=Major Kindred Healthcare investor sues to stop Humana merger|last=Larson|first=Chris|date=March 9, 2018|publisher=Louisiana Business First|access-date=September 28, 2018}}</ref>
Upon acquisition, the home health, hospice and community care businesses would be separated from Kindred and operated as a standalone company owned 40 percent by Humana, with the remaining 60 percent owned by TPG and WCAS.<ref>{{Cite web|url=https://www.healthleadersmedia.com/strategy/humana-private-equity-consortium-finalize-41b-kindred-purchase|title=Humana, Private Equity Consortium Finalize $4.1B Kindred Purchase |website=www.healthleadersmedia.com|language=en|access-date=September 4, 2018}}</ref><ref>{{Cite news|url=https://www.usatoday.com/story/money/nation-now/2017/12/19/humana-kindred/964621001/|title=Humana will buy stake in Kindred's home care business|work=USA TODAY|access-date=September 4, 2018|language=en}}</ref> Kindred's long-term acute care hospitals, rehab hospitals and contract rehabilitation services businesses would be operated as Kindred Healthcare, a separate specialty hospital company owned by TPG and WCAS.<ref>{{Cite news|url=https://www.marketwatch.com/press-release/humana-together-with-tpg-capital-and-welsh-carson-anderson-stowe-announce-completion-of-the-acquisition-of-kindred-healthcare-inc-2018-07-02|title=Humana, Together with TPG Capital and Welsh, Carson, Anderson & Stowe, Announce Completion of the Acquisition of Kindred Healthcare, Inc.|work=MarketWatch|access-date=August 31, 2018|language=en-US|archive-date=August 31, 2018|archive-url=https://web.archive.org/web/20180831211804/https://www.marketwatch.com/press-release/humana-together-with-tpg-capital-and-welsh-carson-anderson-stowe-announce-completion-of-the-acquisition-of-kindred-healthcare-inc-2018-07-02|url-status=dead}}</ref><ref>{{Cite news|url=https://www.pehub.com/2018/07/humana-tpg-and-wcas-complete-take-private-buyout-of-kindred/|title=Humana, TPG and WCAS complete take-private buyout of Kindred - PE Hub|date=July 2, 2018|work=PE Hub|access-date=August 31, 2018|language=en-US}}</ref> The transaction was approved on April 5, 2018, and completed on July 2, 2018.<ref>{{Cite news|url=https://www.businesswire.com/news/home/20180405005732/en/|title=Kindred Stockholders Approve Transaction with TPG Capital, Welsh, Carson, Anderson & Stowe and Humana Inc.|access-date=August 13, 2018|language=en}}</ref><ref>{{Cite news|url=https://www.reuters.com/article/brief-kindred-stockholders-approve-deal/brief-kindred-stockholders-approve-deal-with-tpg-capital-humana-idUSFWN1RI0MM|title=BRIEF-Kindred Stockholders Approve Deal With TPG Capital, Humana|author=Reuters Editorial|work=U.S.|access-date=August 13, 2018|language=en-US}}</ref>
Kindred's stock ceased trading on the New York Stock Exchange on June 29, 2018, as it transitioned to a privately held company.<ref>{{Cite news|url=https://www.businesswire.com/news/home/20180702005714/en/Humana-TPG-Capital-Welsh-Carson-Anderson-Stowe|title=Humana, Together with TPG Capital and Welsh, Carson, Anderson & Stowe, Announce Completion of the Acquisition of Kindred Healthcare, Inc.|access-date=August 16, 2018|language=en}}</ref>
In 2019, Kindred and Jefferson County Public Schools (JCPS) launched Honeycomb classrooms, new innovation centers at local high schools, providing students with access to the latest technology.<ref>{{Cite web|last=Cogan|first=Shannon|title=DuPont Manual gets innovative new technology room|url=https://www.wave3.com/2019/09/26/dupont-manual-gets-innovative-new-technology-room/|access-date=March 17, 2021|website=wave3|date=September 27, 2019 |language=en-US}}</ref><ref>{{Cite web|last=Corsey|first=Gil|title=High-tech 'Honeycomb' computer lab opens at Manual High School|url=https://www.wdrb.com/news/education/high-tech-honeycomb-computer-lab-opens-at-manual-high-school/article_46ae9dba-e154-11e9-a3f9-ab72baac7fc0.html|access-date=March 17, 2021|website=WDRB|date=September 27, 2019 |language=en}}</ref>
In 2021, Kindred was acquired by LifePoint Health,<ref>{{Cite web |title=LifePoint Health Announces Agreement to Acquire Kindred Healthcare |url=https://lifepointhealth.net/news/2021/06/21/lifepoint-health-announces-agreement-to-acquire-kindred-healthcare |access-date=July 6, 2022 |website=lifepointhealth.net}}</ref> a hospital chain based in Brentwood, Tennessee. A new company, ScionHealth was created and included a combination of Kindred's 61 long-term acute care hospitals and 18 of LifePoint's community hospital campuses and health systems. ScionHealth consists of 79 hospital campuses in 25 states. LifePoint combined its remaining hospitals and outpatient centers with Kindred's rehabilitation and behavioral health services.<ref>{{Cite web |title=LifePoint Health/Kindred Healthcare Acquisition to Launch New Company ScionHealth |url=https://www.healthleadersmedia.com/strategy/lifepoint-healthkindred-healthcare-acquisition-launch-new-company-scionhealth |access-date=October 18, 2022 |website=www.healthleadersmedia.com |language=en}}</ref>
==Divisions==
Kindred operated three divisions: Transitional Care Hospitals, Kindred Rehabilitation Services,<ref>{{Cite news|url=https://www.seniorsguideonline.com/listing/kindred-transitional-care-and-rehabilitation-greenfield|title=Kindred Transitional Care and Rehabilitation|work=Seniors Guide|access-date=August 17, 2018|language=en-US|archive-date=August 17, 2018|archive-url=https://web.archive.org/web/20180817193523/https://www.seniorsguideonline.com/listing/kindred-transitional-care-and-rehabilitation-greenfield|url-status=dead}}</ref> and Kindred Behavioral Health.<ref name=":0">{{Cite web|date=July 21, 2020|title=Baystate Health announces partner in $40 million behavioral health hospital|url=https://www.masslive.com/news/2020/07/baystate-health-announces-kindred-behavioral-health-as-partner-in-120-bed-43-million-behavioral-health-hospital.html|access-date=September 23, 2020|website=masslive|language=en}}</ref><ref name=":1">{{Cite web|date=September 8, 2020|title=Kindred Leverages National Reputation to Rapidly Expand New Behavioral Health Arm|url=https://bhbusiness.com/2020/09/08/kindred-leverages-national-reputation-to-rapidly-expand-new-behavioral-health-arm/|archive-url=|archive-date=|access-date=September 23, 2020|website=Behavioral Health Business|language=en-US}}</ref>
===Transitional Care Hospital===
The Transitional Care Hospital division provided long-term acute care services to medically complex patients. Along with traditional freestanding hospitals, Kindred operated hospital-in-hospitals (HIH) that operated in a "host hospital" to provide long term acute care to patients it received from the short-term acute care units.<ref name="10-K 2013">{{cite web| url= https://www.sec.gov/Archives/edgar/data/1060009/000119312513083719/d446266d10k.htm|title= Kindred Healthcare Annual Report: SEC Form 10-K 2012 |accessdate= June 3, 2013 |author= Kindred Healthcare |year= 2012|page= 32}}</ref>
In 2021, ScionHealth was created and incorporated this division.<ref name="healthleadersmedia.com"/>
===Kindred Rehabilitation Services=== Kindred's Rehabilitation division serves both Kindred and non-Kindred sites. Services are organized into two operating segments: skilled nursing rehabilitation services (SRS), in which Kindred provides contract therapy services across multiple settings including skilled nursing facilities, assisted living facilities, independent living facilities, continuing care retirement communities and outpatient facilities; and hospital rehabilitation services (HRS), in which Kindred provides inpatient program management and therapy services to standalone inpatient rehabilitation facilities, hospital units, and outpatient services to hospital-based satellite programs.<ref name="10-K 2013" /><ref>{{Cite news|url=https://homehealthcarenews.com/2016/11/kindred-to-exit-the-skilled-nursing-facility-business/|title=Kindred to Exit the Skilled Nursing Facility Business|date=November 7, 2016|work=Home Health Care News|access-date=August 20, 2018|language=en-US}}</ref>
In June 2011, Kindred combined its previous rehabilitation division with its new acquisition of RehabCare, renaming the division after this acquisition.<ref>{{cite web|title=Kindred Healthcare Completes Acquisition of RehabCare Group|url=http://phx.corporate-ir.net/preview/phoenix.zhtml?c=129959&p=irol-newsArticle&ID=1569922&highlight|work=Press Release|accessdate=July 5, 2011}}</ref>
In January 2016, Kindred Healthcare Inc. and its subsidiary RehabCare Group Inc. agreed to pay $125 million to settle a whistleblower lawsuit on Medicare therapy claim overbilling. The settlement ended an investigation into claims brought against the companies by former RehabCare therapists in a 2011 lawsuit. The suit claimed RehabCare routinely scheduled skilled nursing facility residents for higher levels of therapy than needed, resulting in therapy services were not reasonable or necessary, or never occurred.<ref>{{Cite web|url=http://www.mcknights.com/news/kindred-rehabcare-settle-false-claims-allegations-for-125-million/article/464707/|title=Kindred, RehabCare settle False Claims allegations for $125 million|last=Mongan|first=Emily|date=January 12, 2016|website=The United States Department of Justice|publisher=McKnight's LTC News|access-date=May 27, 2016|archive-date=June 7, 2016|archive-url=https://web.archive.org/web/20160607072108/http://www.mcknights.com/news/kindred-rehabcare-settle-false-claims-allegations-for-125-million/article/464707/|url-status=dead}}</ref>
In October 2020, Kindred Healthcare announced the sale of the RehabCare division to Select Rehabilitation.<ref>{{Cite web|date=October 5, 2020|title=Kindred sells off RehabCare to Select Rehabilitation in blockbuster deal - News|url=https://www.mcknights.com/news/kindred-sells-off-rehabcare-to-select-rehabilitation-in-blockbuster-deal/|access-date=December 9, 2020|website=McKnight's Long Term Care News|language=en-US}}</ref> The sale was completed in December 2020.<ref>{{Cite web|date=December 1, 2020|title=Select finalizes acquisition of RehabCare|url=https://www.dailyherald.com/business/20201201/select-finalizes-acquisition-of-rehabcare|access-date=December 9, 2020|website=Daily Herald|language=en-US}}</ref>
In 2021, Kindred Rehabilitation services became a business unit of LifePoint Health.<ref>{{Cite web |date=October 3, 2022 |title=Kindred preparing to build $31 million rehabilitation hospital {{!}} Jax Daily Record |url=https://www.jaxdailyrecord.com/article/kindred-preparing-to-build-dollar31-million-rehabilitation-hospital |access-date=October 18, 2022 |website=Jacksonville Daily Record - Jacksonville, Florida |language=en}}</ref>
=== Kindred Behavioral Health === Kindred Behavioral Health responds to the need of specialized behavioral health services that require compassion, including crisis stabilization, detoxification, mental health disorders, and other behavioral health issues.<ref name=":0" /><ref name=":1" />
In 2021 Kindred Behavioral Health became a business unit of LifePoint Health.<ref>{{Cite web |date=July 21, 2022 |title=Palomar Health partners with Kindred to build behavioral health hospital - Escondido Times-Advocate |url=https://www.times-advocate.com/articles/palomar-health-partners-with-kindred-to-build-behavioral-health-hospital/ |access-date=October 18, 2022 |website=Escondido Times-Advocate - The hometown newspaper of Escondido, California}}</ref>
==See also== * List of major employers in Louisville, Kentucky
==References== {{reflist}}
==External links== * [http://www.kindredhospitals.com/ Kindred Healthcare] – Official Kindred Healthcare website * [http://www.kindredathome.com/ Kindred at Home] - Official Kindred at Home website * [https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001060009&owner=include&count=40&hidefilings=0 Kindred Healthcare SEC Filings] * [http://www.mcknights.com/kindred-ranked-on-informationweek-elite-100/article/344695/ Kindred ranked on InformationWeek Elite 100 as number 77] {{Webarchive|url=https://web.archive.org/web/20140809225150/http://www.mcknights.com/kindred-ranked-on-informationweek-elite-100/article/344695/ |date=August 9, 2014 }} * [http://viewer.e-digitaledition.com/i/316362?sf26854408=1 Kindred Healthcare's article in Boston's MDNews]
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Category:1985 establishments in Kentucky Category:2001 initial public offerings Category:2018 mergers and acquisitions Category:2021 mergers and acquisitions Category:American companies established in 1985 Category:Companies based in Louisville, Kentucky Category:Companies formerly listed on the New York Stock Exchange Category:Companies that filed for Chapter 11 bankruptcy in 1999 Category:Health care companies based in Kentucky Category:Healthcare in Louisville, Kentucky Category:Hospital networks in the United States Category:Medical and health organizations based in Kentucky Category:Privately held companies based in Kentucky Category:Rehabilitation medicine organizations based in the United States