Kindred Healthcare

Kindred wins court battle as voting starts today on sale to Humana, equity partners

Kindred wins court battle as voting starts today on sale to Humana, equity partners

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A Delaware court has ruled in Kindred Healthcare's favor, rejecting a lawsuit by a large shareholder on the eve of a scheduled vote on the company's three-way sale.

Kindred Healthcare urges shareholders to approve its sale, notes more challenges ahead

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Kindred Healthcare this week urged stockholders to back a $4.1 billion sale to Humana and two private equity firms.

Lawmakers suspect Kindred of misspending public funds before closures at LTC facilities

Lawmakers suspect Kindred of misspending public funds before closures at LTC facilities

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A group of state legislators is asking Massachusetts' attorney general to investigate Kindred Healthcare's plans to close four nursing homes and an assisted living facility in and around Boston, accusing it of misappropriating state money at those facilities.

Humana buys Kindred to build home health inroads

Humana buys Kindred to build home health inroads

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Kindred Healthcare has not only slid off the skilled nursing radar, it's also been sold — to insurer Humana Inc. and two private equity partners.

Ventas said it supports Kindred acquisition

Ventas Inc. said it supports the acquisition of Kindred Healthcare by TPG Capital, Welsh, Carson, Anderson & Stowe, and Humana Inc.

Kindred confirms its sale for $4.1 billion in multi-firm deal

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Kindred Healthcare announced Tuesday that its board has agreed to an acquisition by Humana Inc. and two private equity partners in all cash deal.

Kindred Healthcare forms partnership

Kindred Healthcare and the University of Louisville announced a healthcare technology partnership.

Kindred sells 54 facilities

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Kindred Healthcare took a big first step toward selling off its remaining skilled nursing facilities in late August.

Kindred scores $519 million in first closing of skilled nursing exit

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Kindred Healthcare has sold off the first batch of skilled nursing facilities as part of its exit from the sector, the company announced on Thursday.

Kindred deal lands Gentiva

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Kindred Healthcare has completed its purchase of Gentiva Health Services in a deal valued at $1.8 billion, including assumed debt.

Kindred buys Centerre Healthcare

Kindred Healthcare has completed the previously announced acquisition of Centerre Healthcare Corporation for approximately $195 million in cash.

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.