Kindred Healthcare, Inc. (“Kindred” or the “Company”) (NYSE:KND)
today announced the expansion of its home health operations in
South Carolina. In addition, the Company announced growth in its
inpatient rehabilitation facility (“IRF”) business, hospice
services and nursing center operations in several integrated care
markets.
Home Health – South Carolina
Kindred acquired from the South Carolina Department of Health
and Environmental Control (“DHEC”) licenses to provide home health
services in all 46 counties in South Carolina for approximately $18
million. Kindred reached an agreement with DHEC following a state
bidding process. The agreement took effect January 1, 2016, and
immediately expands Kindred’s services from 10 offices serving 22
counties to 19 offices serving the entire state of South Carolina.
As part of the license transfer agreement, Kindred agreed to hire
all employees and agreed to take over patients upon consent. Upon
completion, 72 employees accepted the Company’s offer of employment
and 650 patients granted consent to the Company’s care. With this
platform, Kindred intends to open additional offices and expand its
home health services in the state. The Company has been providing
home health services in South Carolina since it acquired Gentiva
Health Services, Inc. (“Gentiva”) in February 2015.
IRF and Hospice – Cleveland Integrated Care Market
In January 2016, Kindred opened its second IRF in the Cleveland
area in partnership with University Hospitals. The 50-bed IRF,
named University Hospitals Avon Rehabilitation Hospital, is located
in Avon, Ohio, and features all private rooms, dedicated therapy
space, outdoor courtyards, and home-like, “transition to community”
areas that help prepare patients for daily activities and a safe
return home. The facility provides physical, occupational and
speech-language therapy, specialized rehabilitation nursing and a
wide range of clinical services, including neurological and stroke
recovery centers. Kindred and University Hospitals also operate a
50-bed IRF, named University Hospitals Rehabilitation Hospital, in
Beachwood, on the east side of the city, which opened in 2013.
In addition, effective February 1, 2016, Kindred acquired
HopeBridge Hospice, LLC, which provides hospice care in six
counties in the Cleveland area and is now operating under the name
Kindred at Home Hospice. This complements Kindred’s existing
services in the Cleveland market that include two transitional care
hospitals, two assisted living facilities, three nursing centers, a
co-located hospital-based sub-acute unit, home health and
non-medical home care services, and Kindred House Calls, the
Company’s home-based primary care business.
Transitional Care Center – Las Vegas Integrated Care
Market
In January 2016, Kindred opened a new 160-bed Transitional Care
Center (“TCC”) in its Las Vegas integrated care market. The TCC
specializes in intensive short-term rehabilitation therapy,
including cardiac, pulmonary and orthopedic rehabilitation. In the
Las Vegas market, Kindred operates three transitional care
hospitals, a co-located hospital-based sub-acute unit, and home
health, hospice and non-medical home care services.
Transitional Care Center and IRF – Phoenix Integrated Care
Market
In January 2016, Kindred opened a new 120-bed TCC on the campus
of Phoenix St. Luke’s Medical Center in the Company’s Phoenix
integrated care market. The TCC specializes in intensive short-term
rehabilitation therapy, including cardiac and orthopedic
rehabilitation. In the Phoenix market, Kindred also operates two
transitional care hospitals, and home health and non-medical home
care services.
In addition, Kindred has broken ground on a 50-bed IRF in
Chandler, Arizona, a suburb of Phoenix, in partnership with Dignity
Health. Subject to customary regulatory and other approvals,
Kindred expects the IRF to open by the fourth quarter of 2016.
Sub-Acute Skilled Nursing Unit – Miami Integrated Care
Market
In January 2016, Kindred opened a 30-bed co-located sub-acute
skilled nursing unit within Kindred Hospital South
Florida-Hollywood, situated in Kindred’s Miami integrated care
market. Patients in the unit receive rehabilitation therapy that
acts as a bridge to transition them from hospital care back to the
community. The focus is on physical and functional improvement and
personal independence. A team of professionals works with each
patient to restore health and help to achieve maximum independence
in the activities of daily living. In its Miami market, Kindred
also operates four transitional care hospitals, and provides home
health and hospice services.
Hospice – Orlando, Florida
Also in Florida, the Company acquired Samaritan Care Hospice of
Osceola, Inc., doing business as Samaritan Care Hospice of Florida,
effective January 1, 2016. Samaritan Care Hospice, now called
Kindred at Home Hospice, operates one location in Orlando, where
Kindred operates six home health locations.
Management Commentary
“We believe these projects add the right assets and services to
the right markets, allowing us to build upon our continuum of care
model that delivers a full spectrum of post-acute care options to
patients, payors and referral sources,” said Benjamin A. Breier,
President and Chief Executive Officer of the Company. “We are
grateful to our many partners in these projects and are excited
about continuing to grow our services in these communities.”
About Kindred Healthcare
Kindred Healthcare, Inc., a top-95 private employer in the
United States, is a FORTUNE 500 healthcare services company based
in Louisville, Kentucky with annual revenues of approximately
$7.2 billion(1). At September 30, 2015, Kindred through its
subsidiaries had approximately 102,200 employees providing
healthcare services in 2,723 locations in 47 states, including 95
transitional care hospitals, 18 inpatient rehabilitation hospitals,
90 nursing centers, 20 sub-acute units, 626 Kindred at Home home
health, hospice and non-medical home care sites of service, 101
inpatient rehabilitation units (hospital-based) and a contract
rehabilitation services business, RehabCare, which served 1,773
non-affiliated sites of service. Ranked as one of Fortune
magazine’s Most Admired Healthcare Companies for six years,
Kindred’s mission is to promote healing, provide hope, preserve
dignity and produce value for each patient, resident, family
member, customer, employee and shareholder we serve. For more
information, go to www.kindredhealthcare.com. You can also follow
us on Twitter and Facebook.
________
(1) Revenues were computed by combining the twelve months ended
December 31, 2014 data for Kindred, Gentiva and Centerre Healthcare
Corporation, which was acquired by the Company on January 1, 2015.
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Kindred Healthcare, Inc.Susan E. Moss, 502-596-7296Senior Vice
President, Marketing and Communications
Kindred Healthcare (NYSE:KND)
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