Kindred Healthcare steps up its transition game
Both the Indianapolis and Las Vegas facilities will specialize in intensive short-term rehabilitation therapy, including cardiac and orthopedic rehabilitation.
The expansion comes at a time when large, for-profit long-term care facilities are targeting patients that until recently would have been likely found in hospital med-surg units. Clearly, Kindred and other large skilled care operators are prepping for a future in which acute care settings will be partners or competitors.
“We believe that our integrated care market strategy better clinically supports a patient's recovery through a full episode of care,” said company CEO Paul J. Diaz He added that the new facilities respond “ to the growing interest among patients, physicians, hospital systems and public and private payers for high-quality, patient-centered integrated care.”
Kindred describes itself as “the largest diversified provider of post-acute care services in the United States.” The firm recently reported third-quarter net income of $7.5 million, or 14 cents per share. That compares to $1.7 million, or about 3 cent per share, for 12 months prior. Third-quarter revenue also rose, to $1.52 billion from $1.51 billion a year earlier.