Brookdale Senior Living (NYSE: BKD), one of the largest home health providers in the United States, is under pressure again from an activist shareholder. The shareholder—Stamford, Connecticut-based investment management firm Land & Buildings—is pressing Brookdale to share more information about an ongoing strategic review process and says the company should consider offers that might seem […]
The new parent company of Kindred at Home (NYSE: KND) isn’t moving toward growing the new business with urgency, executives said during an earnings call reviewing fourth quarter 2017 results. Humana Inc. (NYSE: HUM) announced in December it would be acquiring 40% of the Kindred at Home business, with two private equity groups acquiring the other 60%. […]
Kindred Healthcare (NYSE: KND), the nation’s largest home health provider, is one step closer to being taken over by insurance giant Humana (NYSE: HUM) and two private equity groups. Kindred filed a preliminary proxy statement with the Securities and Exchange Commission on Monday, in advance of a special meeting of the stockholders to be held […]
Two blockbuster transactions in late 2017 contributed to a record quarter for home health M&A spending, according to the latest data from business intelligence firm Irving Levin Associates. In November, two major home health providers—LHC Group (Nasdaq: LHCG) and Almost Family (Nasdaq: AFAM)—announced their intention to merge in an all-stock deal with a total implied […]
Happy Monday, Home Health Care News Readers, and welcome back to the second week of 2018. Before you kick off the workweek, take a moment to catch up with our must-read news, including our top stories that take a look at 2018 trends and predictions from industry bigwigs. Here’s what you might have missed in […]
Since a major shareholder of Kindred Healthcare (NYSE: KND) announced its opposition to a $4.1 billion takeover deal by Humana (NYSE: HUM), the nation’s largest home health care provider has remained mum. Brigade Capital, a New York-based private equity firm which owns a 5.8% stake in Kindred, said it would vote against the transaction under its current […]
A large shareholder of Kindred Healthcare (NYSE: KND) announced its opposition to the company’s recently announced acquisition deal with Humana (NYSE: HUM). Brigade Capital , a New York-based private equity firm with a 5.8% stake in Kindred, opposed the deal on December 27, stating the $9 share price for Kindred is “inadequate.” Humana, along with […]
In the wake of the announced $4.1 billion acquisition of Kindred Healthcare (NYSE: KND) by Humana Inc. (NYSE: HUM) and two private equity groups, a direct line has been drawn between managed care and home health care. Humana, in consortium with private equity groups TPG Capital and Welsh, Carson, Anderson & Stowe, announced it was […]
Louisville-based Kindred Healthcare (NYSE: KND) is undergoing changes, and its emerging profile will stand out as the largest provider of home health care services in the nation with leaner operations. After divesting its remaining skilled nursing facility (SNF) assets, the company’s new position heading into 2018 is one that is arguably more financially sound, but the […]
Louisville-based Kindred Healthcare (NYSE: KND), the nation’s largest home health care provider, has teamed up with the University of Louisville (UofL) to develop health care technology that improves the lives of seniors. HIVE, as the partnership is being called, sits on a site formerly occupied by K-I Lumber & Building Materials, near the University’s Belknap […]
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