Kindred Healthcare

Overview

Kindred Healthcare, LLC

type	Private
industry	Healthcare
foundation	1985 in Louisville, Kentucky, U.S.
location	Louisville, Kentucky, U.S.
area served	United States
key people	Benjamin Breier (President & CEO)‡R1R‡ Charlie Wardrip (CIO)‡R1R‡
revenue	US$6.034 billion (2017)‡R2R‡
operating income	US$-166 million (2017)‡R2R‡
net income	US$-698 million (2017)‡R2R‡
assets	US$5.233 billion (2017)‡R2R‡
equity	US$123 million (2017)‡R2R‡
num employees	~38,300 (June 2018)‡R2R‡
divisions	• Kindred Hospitals • Kindred Rehabilitation Services • Kindred Behavioral Health
website	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.[3]

In 2021, a transaction between Kindred Healthcare and LifePoint Health resulted in the creation of ScionHealth, a new healthcare system.[4]

History

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.[5][6]

Divisions

Kindred operated three divisions: Transitional Care Hospitals, Kindred Rehabilitation Services,[24] and Kindred Behavioral Health.[25][26]

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.[27]

In 2021, ScionHealth was created and incorporated this division.[4]

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.[27][28]

In June 2011, Kindred combined its previous rehabilitation division with its new acquisition of RehabCare, renaming the division after this acquisition.[29]

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.[30]

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.[25][26]

In 2021 Kindred Behavioral Health became a business unit of LifePoint Health.[34]

Kindred Healthcare

History

Divisions

Transitional Care Hospital

Kindred Rehabilitation Services

Kindred Behavioral Health

See also

External links

References