Kindred To Close 2 Hospitals, Cut 246 Jobs
Kindred Healthcare (NYSE:KND) will close two Houston-area hospitals, the company announced June 9.
The health care provider says it will consolidate care being provided at Kindred Hospital East Houston and Kindred Hospital North Houston into nearby Kindred hospitals.
The consolidation will eliminate 246 jobs, Houston Chronicle reports, adding that the two-week elimination process will begin July 31.
However, many employees being let go will be offered employment at other Kindred operations, and Kindred will host job fairs as well, says Michael Warrington, senior vice president of the southeast region for Kindred, in a statement.
Kindred has stopped accepting new admissions at the two closing hospitals, Warrington says, adding that Kindred will work with patients in need of continued care after the closings by helping them to relocate.
The consolidation will not impact other area Kindred hospitals, Warrington says.
“During the transition, we will continue to provide our patients with care and services to tend to their medical needs,” Warrington says.
The Louisville, Ky.-based health care provider has 13 Houston-area facilities.
Kindred has been in the news recently for its proposal to acquire Gentiva Health Services, Inc.(NASDAQ: GTIV) for $1.6 billion. Gentiva rejected the proposal.
“Kindred’s earning statement for the first quarter of 2014 reported $1.3 billion in revenue and $16.8 million in income,” Houston Chronicle reports.
Written by Cassandra Dowell