Major Kindred Shareholder Brigade Capital Sues to Block Acquisition

As the acquisition of Kindred Healthcare’s (NYSE: KND) home health care business proceeds, one major shareholder is ramping up its fight against the deal. Brigade Capital, a New York-based private equity firm with a 5.8% stake in Kindred, has filed a lawsuit to stop the planned acquisition. The lawsuit, which seeks to stop the merger […]

Humana Focuses on Value in Purchase of Kindred Stake

Value creation is the name of the game in Humana’s (NYSE: HUM) deal with two private equity firms to acquire Kindred Healthcare (NYSE: KND) for approximately $4.1 billion, William Fleming, Humana’s president of health care services, told Home Health Care News. The deal, in which Humana and TPG Capital and Welsh, Carson, Anderson & Stowe (WCAS) arranged to pay $9 […]

Kindred Projects Home Health Recovery After Storm-Battered Third Quarter

Buoyed by the Centers for Medicare & Medicaid Services’ (CMS) recent decision to delay the home health groupings model (HHGM), executives at Kindred Healthcare, Inc. (NYSE: KND) say they see growth ahead in the sector. After taking a financial hit amid the recent natural disasters, Kindred expects annual revenue and admissions growth of 3% to […]

Kindred Reports $20 Million Loss from Hurricanes

As home health agencies across the Gulf Coast continue their recovery efforts in the aftermath of Hurricanes Harvey and Irma, many are starting to feel the blow from the financial impact the disasters have left behind. Louisville, Kentucky-based Kindred Healthcare (NYSE:KND) expects a one-time pre-tax earnings impact from Hurricanes Harvey and Irma of approximately $20 […]

Kindred CEO Sounds Off on Home Health Payment Rule

Kindred Healthcare, Inc. (NYSE: KND) president and CEO Benjamin Breier sounded off on the proposed home health groupings model (HHGM), vowing to work with the industry and regulators to craft a solution that works for all parties. “The home health industry is undeniably united in its negative view of the rule, and will take a […]

Netsmart’s Acquisition of DeVero to Help Kindred Initiatives

Netsmart, an Overland Park, Kansas-based provider of electronic health records (EHR), data analytics and other technology services, today announced it acquired DeVero, a technology company that specializes in home health and hospice. The companies did not disclose the acquisition price. As part of the deal, Netsmart inherits a high-profile DeVero client: Louisville-based Kindred Healthcare (NYSE: KND), […]

Highest Paid Chief Executives in Home Health Care

While it’s fair to assume that some of the country’s biggest publicly traded home health care companies pay their chief executives well, some earn more than others. In 2016, CEOs at HealthSouth (NYSE: HLS), Kindred Healthcare (NYSE: KND) and Brookdale Senior Living (NYSE: BKD) made the most in total compensation—a figure that includes base salary, stock awards, […]

Kindred CEO’s Compensation Jumped Nearly 30%

Sky-high executive compensation is back in the limelight after Kindred Healthcare (NYSE: KND) revealed its CEO Benjamin Breier’s salary jumped nearly 30% in 2016 while other executives in the company saw their compensation fall. CEO Benjamin Breier, whose compensation is made up of a base salary, short-term incentive plan, long-term incentive plan and equity, saw […]

Editor’s Picks: President-elect Donald Trump

America cast their votes on November 8 and decided that Donald Trump will be the next President of the United States. While the news was shocking, it wasn’t the only hard-hitting story we brought readers. While much of the industry wondered how a Trump presidency could impact home health care, the nation’s largest home health care […]