Kindred Healthcare Key Facts and Healthcare Updates

Kindred Healthcare is a leader in healthcare services, with a long history of providing high-quality care to patients. Founded in 1985, the company has grown to become one of the largest post-acute healthcare providers in the US.

Kindred Healthcare operates over 1,300 locations across 45 states and the District of Columbia, making it a significant player in the healthcare industry. Its services include rehabilitation hospitals, nursing centers, assisted living facilities, and home health services.

The company is known for its commitment to patient care, with a focus on rehabilitation and recovery. Its skilled nursing facilities provide 24/7 care to patients who require ongoing medical attention.

Kindred Healthcare's dedication to quality care has earned it numerous awards and recognition, including being named one of the "Best Places to Work" by Modern Healthcare magazine.

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Kindred Healthcare was founded in 1985 as Vencor, Inc.

The company went through a significant transformation in 2001, emerging from Chapter 11 bankruptcy and adopting the name Kindred Healthcare. It also went public on the New York Stock Exchange that year with the symbol KND.

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In 2011, Kindred agreed to acquire RehabCare Group for approximately $900 million in cash and stock. This acquisition made Kindred the largest post-acute health care services company in the United States at the time.

Kindred continued to grow through strategic acquisitions, including the merger with Gentiva Health Services in 2014. This deal was finalized in 2015, with Gentiva becoming a wholly owned subsidiary of Kindred.

However, Kindred's journey as a publicly traded company came to an end in 2018. The company's stock ceased trading on the New York Stock Exchange on June 29, 2018, as it transitioned to a privately held company.

In 2021, Kindred was acquired by LifePoint Health, a hospital chain based in Brentwood, Tennessee. This marked the beginning of a new chapter for the company, which was rebranded as ScionHealth.

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Kindred Healthcare operated three main divisions: Transitional Care Hospitals, Kindred Rehabilitation Services, and Kindred Behavioral Health.

The Transitional Care Hospitals division provided specialized care for patients who needed extended recovery time after a hospital stay or surgery.

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Kindred Rehabilitation Services is a key division that serves both Kindred and non-Kindred sites, offering skilled nursing rehabilitation services and hospital rehabilitation services.

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

Kindred Rehabilitation Services organized its services into two operating segments: skilled nursing rehabilitation services (SRS) and hospital rehabilitation services (HRS).

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.

Kindred Healthcare announced the sale of the RehabCare division to Select Rehabilitation in October 2020, and the sale was completed in December 2020.

In 2021, Kindred Rehabilitation services became a business unit of LifePoint Health.

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Kindred Healthcare offered long-term acute care services through its Transitional Care Hospital division. This division provided specialized care to medically complex patients.

The Transitional Care Hospital division operated hospital-in-hospitals, also known as HIHs, within host hospitals. These HIHs offered long-term acute care to patients transferred from short-term acute care units.

In 2021, Kindred Healthcare played a role in the creation of ScionHealth, which incorporated the Transitional Care Hospital division.

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Kindred Healthcare has made significant strides in improving patient outcomes through its innovative care models.

The company's focus on rehabilitation and recovery has led to a reduction in hospital readmissions, with some locations achieving a 30% decrease in readmissions within 30 days of discharge.

By providing comprehensive care in the comfort of patients' homes, Kindred Healthcare has improved patient satisfaction, with 85% of patients reporting high satisfaction with their care.

The company's commitment to quality care has also led to a 25% reduction in hospital-acquired infections.

Kindred Healthcare's dedication to patient-centered care has resulted in a 20% increase in patient engagement, with patients actively participating in their care plans.

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Kindred Healthcare has a rich history, and one of its notable achievements is the sale of the company to LifePoint Health. This sale led to the creation of ScionHealth.

The combined company, ScionHealth, operates a significant number of hospitals across the United States. It has a total of 79 acute and post-acute hospitals in 25 states.

ScionHealth's hospital network includes 61 long-term acute care hospitals, which were previously owned by Kindred Healthcare.

The approach taken by Mintz's team was led by Susan Berson, who drew on her deep industry knowledge to navigate health care regulatory agencies and mitigate potential legal and financial exposure.

The team advised on all health care regulatory aspects of the transaction, including representations and warranties in the transaction documents related to health care regulatory issues.

ScionHealth, a new health care company, was launched following the successful transaction, comprising 79 hospital campuses in 25 states.

Susan Berson, a seasoned expert in health law, led the team that advised on the transaction. Her deep industry knowledge was invaluable in navigating the complexities of the deal.

The team, which included Karen Lovitch and Xavier Hardy, drew on their expertise to help clients comply with contractual change of ownership requirements. They worked tirelessly to ensure a smooth transition.

The team's guidance was instrumental in mitigating potential legal and financial exposure. By doing so, they helped clients avoid costly mistakes.

The team's experience and expertise were essential in helping clients navigate the notices and approvals required by health care regulatory agencies.

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ScionHealth was launched as a new healthcare company focused on high-quality acute and post-acute hospital services.

The company is based in Louisville, Kentucky, and comprises 79 hospital campuses across 25 states.

ScionHealth includes 61 long-term acute care hospitals previously owned by Kindred Healthcare.

It also includes 18 community hospital campuses and associated health systems previously owned by LifePoint.

Over the next three years, ScionHealth plans to invest $1.5 billion to improve care for the communities served by the combined company.

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