Kindred Healthcare

Breier named new CEO at Kindred

Breier named new CEO at Kindred

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Kindred Healthcare announced Thursday that it has chosen a new top executive to lead its push toward creating a mammoth national brand. Benjamin A. Breier, the company's current president and COO, talked to McKnight's about his plans.

Some unsolicited advice to Genesis: Good luck with the new 'owners'

Some unsolicited advice to Genesis: Good luck with the new 'owners'

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This week's blockbuster deal has private equity-backed Genesis HealthCare combining with Skilled Healthcare Group.In some ways, these sorts of marriages seem all but inevitable. After all, in the outcomes-based post-acute world that's emerging, size and scale are the flavors du jour.

Life Care Centers of America doubles-down on facility-based care, sells home health business for $10 million

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Life Care Centers of America is shedding its related home health business in a $10 million sale to LHC Group Inc., the company announced.

Panel slams fee for service

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The predominance of fee-for-service payment methods is the greatest barrier to improving efficiency in the nation's healthcare system, according to a May 29 report from a panel of White House advisors. The President's Council of Advisors on Science and Technology criticized the FFS payment model because it focuses on the volume of services provided rather than on better outcomes.

Kindred ranked on InformationWeek Elite 100

Kindred Healthcare Inc. has ranked 77th on this year's InformationWeek Elite 100, which is a list of the top business technology innovators in the United States. Kindred was one of 17 healthcare and medical organizations on the list.

Beal promoted to Kindred Nursing Center Division President

Beal promoted to Kindred Nursing Center Division President

Michael W. Beal is the new president of the Kindred Healthcare, Inc. Nursing Center Division. He will be on the executive committee.

Nursing homes should get ready for another image battering

Nursing homes should get ready for another image battering

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Long-term care providers are sitting anxiously on the sidelines as members of Congress tussle with what to do before the end of the month about certain healthcare payment formulas. What will actually be done — or not done — is a great unknown. But providers can be certain there will be at least one political arena where they're going to take a beating soon, and it's going to stretch out through the November elections.

Providers strive to diversify services, payment streams

Providers strive to diversify services, payment streams

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Companies in the post-acute sector have been seeking deals to diversify their services and limit their reliance on Medicare, according to a recent analysis from investment banking firm TripleTree.

Kindred faces $2 million verdict in nursing home assault case with no eyewitnesses

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A jury recently slapped Kindred Healthcare with a $2 million verdict in a resident abuse case that turned on testimony from medical experts, attorneys announced Thursday.

Post-acute providers are merging to reduce Medicare exposure and expand their menu of services, market analyst says

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Post-acute providers are seeking deals that diversify their services and limit financial exposure related to Medicare reimbursement rates, according to an analysis from investment banking firm Triple Tree.

HealthEssentials CEO agrees to $1 million settlement in False Claims suit

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Michael Barr, who co-founded the company now known as Kindred Healthcare, has agreed to pay $1 million in a settlement over Medicare fraud charges, the U.S. Department of Justice announced Monday.

Table talk: You have to listen to the right people

Table talk: You have to listen to the right people

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When we at McKnight's host a special roundtable discussion, I look forward to getting to know the esteemed participants. Captains of the profession, they typically have evolved from nurses, business managers and doctors into C-suite inhabitants — extremely observant top executives, in fact.

The Russ era begins

The Russ era begins

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Barring a shocker that would be akin to Uncle Sam suddenly handing out a double-digit market basket increase to Medicare reimbursement rates, Len Russ will become the next board chairman of the American Health Care Association today. Call it a big win for a "little guy."

Kindred shifts allegiance to Omnicare from PharMerica

Kindred shifts allegiance to Omnicare from PharMerica

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Kindred Healthcare will split with PharMerica and instead partner with Omnicare in 2014, marking a significant change in the landscape of long-term care pharmacy services providers.

Kindred breaks with PharMerica, plans to partner with Omnicare

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Kindred Healthcare will split with pharmacy partner PharMerica and join forces with Omnicare at the end of 2013, according to documents filed with the Securities and Exchange Commission.

BusinessBriefs

Extendicare Health Services recently completed a $37.7 million portfolio refinancing of six SNFs in the Midwest. Ziegler Financing Corporation closed the transaction.

Judge lets kickback case vs. therapy provider go forward

Judge lets kickback case vs. therapy provider go forward

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A whistleblower lawsuit involving a nursing home chain and therapy providers in Missouri can move forward, a federal judge has ruled. The False Claims Act case originated with allegations that a therapy company received more than $10 million in kickbacks as part of a scheme to overbill Medicare and Medicaid.

HHS wants $10 million potential payday for Medicare fraud whistleblowers

HHS wants $10 million potential payday for Medicare fraud whistleblowers

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The Department of Health and Human Services is trying to encourage Medicare fraud whistleblowers by substantially increasing their potential reward. The current maximum award of $1,000 would go up to $9.9 million per whistleblower if a recently proposed rule takes effect.

Amgen pays $25 million to settle whistleblower case over kickbacks to long-term care pharmacies

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Biotechnology company Amgen will pay $24.9 million in a settlement over whistleblower allegations that the company paid kickbacks to long-term care pharmacies to increase the use of an anemia drug in nursing homes.

Kindred will trim more SNFs from its portfolio, Diaz says

Kindred will trim more SNFs from its portfolio, Diaz says

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Kindred Healthcare will continue to offload its nursing facility operations leased from Ventas, according to President and CEO Paul J. Diaz.

Kindred Healthcare steps up its transition game

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Kindred Healthcare has announced plans to open new transitional care centers in Indianapolis and Las Vegas by 2014. The company will also open expanded transitional care hospitals in Dayton, OH, and Charleston, SC.

Kindred executive urges Senate to test payment reforms, put off Medicare cuts

Kindred executive urges Senate to test payment reforms, put off Medicare cuts

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A top nursing home industry executive made a case against Medicare cuts and in favor of payment and delivery reforms in long-term and post-acute care in a Senate hearing Wednesday.

Long-term care hospital operators benefit from CMS payment reduction phase-in

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Two major long-term care hospital operators saw their stocks rise upon news that planned payment cuts will be phased in over time.

Pat Henry named president of RehabCare

Kindred Healthcare Inc. has announced that Pat Henry is the newly appointed president of its RehabCare division. She replaces Chris Bird. A speech pathologist by training, Henry most recently was an executive vice president in Kindred's skilled rehab division. Prior to Kindred's acquisition of RehabCare on June 1, Henry was the latter company's executive vice president, operations. Bird is leaving to become the CEO of ReachOut Healthcare America, a national administrative services organization for mobile dentistry and healthcare, a Kindred announcement said on Monday

Kindred dives deeper into home healthcare

Kindred Healthcare is strengthening its quest to grow as a healthcare giant serving a wider range of clients by acquiring a home health company.

S&P downgrades nursing home ratings; SNFs lose jobs

S&P downgrades nursing home ratings; SNFs lose jobs

Ratings agency Standard & Poor's has put all six of its rated for-profit nursing home operators on Credit Watch with a negative outlook.

Providers mull options following plunge in stocks

Following news of a planned slash in Medicare reimbursements, skilled nursing facility operators have spent the last few days reassessing their financial strategy.

Provider shares take a hit on news of CMS reimbursement cuts

Provider shares take a hit on news of CMS reimbursement cuts

Shares of major skilled nursing facility operator stocks took a nosedive Monday morning following Friday's announcement that the Centers for Medicare & Medicaid Services are cutting Medicare reimbursements to SNFs by 11.1%, starting Oct. 1. Operators Sun Healthcare, Skilled Healthcare and Kindred Healthcare lost more than a quarter of their market value on Monday, according to published reports.

Kindred and RehabCare merger moves forward

The Federal Trade Commission has given antitrust clearance to Kindred Healthcare's plan to purchase RehabCare Group for $1.3 billion in stock, cash payments and debt assumption.

Kindred-RehabCare merger to create nation's biggest post-acute care provider

Kindred-RehabCare merger to create nation's biggest post-acute care provider

Kindred Healthcare announced Tuesday that it had reached an agreement to purchase competitor RehabCare in a deal valued at $1.3 billion, which includes the assumption of $400 million in debt.

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