LOUISVILLE, Ky.--(BUSINESS WIRE)--Feb. 9, 2016--
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
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.
“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.
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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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Source: Kindred Healthcare, Inc.
Kindred Healthcare, Inc.
Susan E. Moss, 502-596-7296
Vice President, Marketing and Communications