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.
Kindred overcomes Gentiva objections, forges $1.8 billion acquisition to expand gigantic healthcare 'ecosystem'October 10, 2014
Kindred Healthcare has succeeded in its quest to acquire Gentiva Health Services. The companies announced Thursday morning they would combine to create the fourth-biggest healthcare provider of any type in the United States. The $1.8 billion deal was approved by the boards of both companies, ending Kindred's five-month hostile takeover bid for the home health provider.
Kindred Healthcare will continue to offload its nursing facility operations leased from Ventas, according to President and CEO Paul J. Diaz.
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.
Many long-term care insiders are starting to wonder if sequestration might not be so bad after all. That's because a provision in the sequestration law caps Medicare funding cuts at 2%. All things considered, a 2% reduction is starting to look better with each passing day.
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.
Ratings agency Standard & Poor's has put all six of its rated for-profit nursing home operators on Credit Watch with a negative outlook.