Profile: Kindred Healthcare Inc (KND)
30 Mar 2015
Kindred Healthcare, Inc., incorporated on March 27, 1998, is a healthcare services company that through its subsidiaries operates transitional care (TC) hospitals, inpatient rehabilitation hospitals (IRFs), nursing centers, assisted living facilities, a contract rehabilitation services business and a home health and hospice business across the United States. The Company operates in four divisions including the hospital, which operates TC hospitals and IRF’s; the nursing center, which operates nursing centers and assisted living facilities; the rehabilitation, which provides rehabilitation services in hospitals and long-term care settings and care management division, which provides home health, hospice and private duty services to patients in a range if settings, including homes, nursing centers and other residential settings.
The Company’s hospital division provides long-term acute care services to medically complex patients. It operates 101 TC hospitals with 7,315 licensed beds and five IRFs with 215 licensed beds in 22 states. The Company operates the network of TC hospitals and IRFs in the United States based upon number of facilities. A number of hospitals in the division also provide skilled nursing, sub-acute and outpatient services. Outpatient services include diagnostic services, rehabilitation therapy, computerized tomography (CT) scanning, one-day surgery and laboratory. In its TC hospitals, the Company treats medically complex patients, including the critically ill, suffering from multiple organ system failures, such as the cardiovascular, pulmonary, kidney; gastro-intestinal and cutaneous (skin) systems. Its IRFs provide services to patients who require intensive inpatient rehabilitative care. IRFs provide an interdisciplinary approach to treatment that leads to a higher level of care and outcomes. The medical, nursing, therapy, and ancillary services provided by its IRFs comply with local, state, and federal regulations, as well as other accreditation standards.
Nursing Center division
As of December 31, 2013, the Company’s nursing center division operated 100 nursing centers (12,638 licensed beds) and 6 assisted living facilities (341 licensed beds) located in 23 states. Through its nursing centers, the Company provides short stay patients and long stay residents with a range of medical, nursing, rehabilitative, pharmacy and routine services, including daily dietary, social and recreational services. It operates transitional care units at 13 of its nursing centers. These units within its nursing and rehabilitation centers consist of 20 to 50 beds offering skilled nursing services and provide a range of rehabilitation services, including physical, occupational and speech therapy to patients recovering from surgical procedures as well as medical conditions such as stroke, and cardiac and respiratory ailments. At a number of the Company’s nursing centers, the Company offers specialized programs for residents with Alzheimer’s disease and other dementias through its Reflections units. It has developed specific certification criteria for these units.
The Company’s rehabilitation division provides rehabilitation services, including physical and occupational therapies and speech pathology services, to residents and patients of nursing centers, acute and long-term acute care (LTAC) hospitals, outpatient clinics, home health agencies, assisted living facilities, school districts and hospice providers under the name RehabCare. It is organized into two operating segments; skilled nursing rehabilitation services (SRS) and hospital rehabilitation services (HRS).
SRS provides specialized rehabilitation programs designed to meet the individual needs of the residents and patients it serves. Its specialized care programs address complex medical needs, such as wound care, pain management, and cognitive retraining, in addition to programs for neurologic, orthopedic, cardiac and pulmonary conditions, such as stroke, fractures and other orthopedic conditions. It also provides clinical education and programming. As of December 31, 2013, SRS managed 1,806 contract therapy programs.
The Company’s HRS operations provide program management and therapy services on an inpatient basis in hospital-based inpatient rehabilitation units, LTAC hospitals, sub-acute (or skilled nursing) units, as well as on an outpatient basis to hospital-based and other satellite programs. It is an operator of hospital-based inpatient rehabilitation units on a contract basis. As of December 31, 2013, the Company managed or operated 104 hospital-based inpatient rehabilitation units. The hospital-based inpatient rehabilitation units it operates provide acuity rehabilitation for patients recovering from strokes, orthopedic conditions and head injuries.
The Company provides rehabilitation and program management services, including physical and occupational therapies and speech pathology services, to LTAC hospitals. It provides specialized care programs that support patients with medical needs, such as wound care, pain management and cognitive deficits, in addition to programs for neurologic, orthopedic, cardiac and pulmonary recovery. As of December 31, 2013, the Company operated therapy programs in 121 LTAC hospitals. It also manage outpatient therapy programs that provide therapy services to patients with a variety of orthopedic and neurological conditions that may be related to work or sports injuries. As of December 31, 2013, the Company managed or operated 144 hospital-based and satellite outpatient therapy programs.
Care Management division
he Company’s care management division provides home health, hospice and private duty services, typically under the name Kindred at Home, to patients in a range of settings, including homes, nursing centers and other residential settings. As of December 31, 2013, the care management division operated 159 locations in the states of Arizona, California, Colorado, Florida, Illinois, Indiana, Louisiana, Massachusetts, Nevada, Ohio, Texas, Utah and Virginia. Its home health operations offer medical care and other services to patients in their homes or other residential settings. Hospice operations provide a family-oriented model of care designed to meet the spiritual, emotional and physical needs of terminally ill patients and their families. Its private duty services include personal care (bathing and grooming), meal preparation, light housekeeping, respite care and transportation. In some of the markets, the Company also provides physician services focused on delivering primary and urgent care to patients in home-based settings such as assisted living facilities, independent living facilities and homes, as well as care transition managers to follow patients with specific diagnoses and/or risk factors through the entire care continuum.
Kindred Healthcare Inc
680 S 4th St
LOUISVILLE KY 40202-2407