Kindred Healthcare
| Company type | Private |
|---|---|
| Industry | Healthcare |
| Predecessor | Vencor, Inc. |
| Founded | 1985 in Louisville, Kentucky, United States |
| Defunct | 2021 (merged with LifePoint Health) |
| Fate | Merged with LifePoint Health to form ScionHealth |
| Headquarters | Louisville , United States |
Area served | United States |
| Products | Long-term acute care hospitals, rehabilitation services, behavioral health services |
Kindred Healthcare was a provider of post-acute healthcare services, managing long-term acute care hospitals and rehabilitation facilities throughout the United States. Based in Louisville, Kentucky, Kindred operated several divisions, including Kindred Hospitals, Kindred Rehabilitation Services, and Kindred Behavioral Health, serving a broad U.S. clientele.
In 2021, Kindred merged with LifePoint Health to establish ScionHealth, a newly formed healthcare network encompassing 79 hospital locations across 25 states. This union combined Kindred’s portfolio of 61 long-term acute care hospitals with LifePoint’s community hospital campuses. Additionally, LifePoint integrated its remaining hospital and outpatient operations with Kindred’s rehabilitation and behavioral health services.
History
Originally founded in 1985 as Vencor, Inc., the company rebranded to Kindred Healthcare in 2001 after emerging from Chapter 11 bankruptcy. It subsequently became a publicly traded company on the New York Stock Exchange under the ticker symbol KND.
In February 2011, Kindred acquired RehabCare Group for approximately $900 million in a combination of cash and stock, positioning itself as the largest post-acute healthcare services provider nationwide. The company further expanded in January 2015 by completing a $1.8 billion purchase of Gentiva Health Services, which broadened its offerings into home health and hospice care.
By June 2017, Kindred divested its skilled nursing facility segment for $700 million to BM Eagle Holdings, allowing it to concentrate more on specialty care services.
In December 2017, a group of investors including TPG Capital, Welsh, Carson, Anderson & Stowe, and Humana agreed to acquire Kindred for around $4.1 billion. This transaction split Kindred’s home health, hospice, and community care operations into an independent company partially owned by Humana. Meanwhile, the long-term acute care hospitals and rehabilitation services remained under Kindred Healthcare’s ownership by TPG and WCAS. The acquisition closed in July 2018, resulting in Kindred’s removal from the NYSE.
In 2019, Kindred collaborated with Jefferson County Public Schools to introduce Honeycomb classrooms—innovation hubs designed to provide students with cutting-edge technology resources.
The 2021 merger with LifePoint Health led to the creation of ScionHealth, significantly enhancing Kindred’s presence in long-term acute care and community hospital markets across multiple states.
Divisions
Kindred’s operations were divided into three main segments: Transitional Care Hospitals, Kindred Rehabilitation Services, and Kindred Behavioral Health.
Transitional Care Hospital
This segment delivered long-term acute care services to patients with complex medical needs via standalone facilities and hospital-in-hospital (HIH) units located within host hospitals. Following the 2021 merger, this division became part of ScionHealth.
Kindred Rehabilitation Services
The rehabilitation division provided services both internally and through external partnerships, structured into two categories: skilled nursing rehabilitation services (SRS), which offered contracted therapy across skilled nursing facilities, assisted living communities, independent living centers, continuing care retirement communities, and outpatient locations; and hospital rehabilitation services (HRS), which managed inpatient programs and therapy for free-standing inpatient rehab facilities, dedicated hospital units, and outpatient satellite programs.
Kindred expanded this division in June 2011 by acquiring RehabCare and adopting its brand identity. In January 2016, Kindred and RehabCare resolved a $125 million whistleblower lawsuit concerning Medicare therapy claim overbilling. By October 2020, Kindred announced plans to sell RehabCare to Select Rehabilitation, finalizing the sale in December of that year. In 2021, Kindred Rehabilitation Services was incorporated into LifePoint Health’s portfolio.
Kindred Behavioral Health
Kindred Behavioral Health provides dedicated services in the realm of behavioral health, focusing on areas such as crisis intervention, detox programs, and comprehensive mental health disorder treatments.
In 2021, Kindred Behavioral Health was integrated as a division within LifePoint Health, thereby broadening its reach in the field of specialized behavioral healthcare.
See also
External links
- Articles with short description
- 1985 establishments in Kentucky
- 2001 initial public offerings
- 2018 mergers and acquisitions
- 2021 mergers and acquisitions
- American companies established in 1985
- Companies based in Louisville, Kentucky
- Companies formerly listed on the New York Stock Exchange
- Companies that filed for Chapter 11 bankruptcy in 1999
- Health care companies based in Kentucky
- Hospitals established in 1985
- Hospital networks in the United States
- Medical and health organizations based in Kentucky
- Privately held companies based in Kentucky
- Rehabilitation medicine organizations in the United States
- 5
- Companies of the United States by year of establishment