Kindred Healthcare
1458267
225800908
2008-07-15T13:44:35Z
Windhorsta
7403763
/* Hospital Division */
{{ Underconstruction }}
{{Infobox_Company |
company_name = Kindred Healthcare, Inc. |
company_logo = [[Image:KindredLogo.gif|center]]
|
company_type = [[Public company|Public]] ({{NYSE|KND}})|
company_slogan = |
foundation = 1985, [[Louisville, Kentucky]], [[USA]] |
location = [[Louisville, Kentucky]], [[USA]] |
key_people = Paul J. Diaz ([[President]]/[[Chief executive officer|CEO]])
Edward L. Kuntz ([[Chair (official)|Executive Chairman]])
Richard E. Chapman ([[Executive Vice President]]/[[Chief administrative officer|CAO]]/[[Chief information officer|CIO]])
Frank J. Battafarno ([[Chief Operating Officer|COO]])|
num_employees = 52,500 <ref name=12.31>
As of December 31, 2007.
</ref> |
industry = [[Health care|Healthcare]] |
products = Long-Term Acute Care [[Hospital|Hospitals]], [[Nursing home|Nursing]] and Rehabilitation Centers, [[Assisted living|Assisted Living Facilities]], [[Physiotherapy|Rehabilitation Services]] |
divisions = Hospital, Health Services, People''first'' Rehabilitation, [[Corporation|Corporate]] |
revenue = $4.22 Billion [[United States dollar|USD]] ([[2007]]) <ref> {{cite web
|url= http://www.kindredhealthcare.com/KHMapped/documents/10k-2007.pdf
|title= Kindred Healthcare Annual Report: SEC Form 10-K 2007
|accessmonthday= July 1
|accessyear= 2008
|author= Kindred Healthcare
|year= 2007
|format= PDF
|pages= pp. 56
}}
</ref>|
net_income = {{profit}} $536.2 Million [[United States dollar|USD]] ([[2007]])<ref> {{cite web
|url= http://www.kindredhealthcare.com/KHMapped/documents/10k-2007.pdf
|title= Kindred Healthcare Annual Report: SEC Form 10-K 2007
|accessmonthday= July 1
|accessyear= 2008
|author= Kindred Healthcare
|year= 2007
|format= PDF
|pages= pp. 56
}}
</ref>|
homepage = [http://www.kindredhealthcare.com/ www.kindredhealthcare.com]
}}
'''Kindred Healthcare Incorporated''' ({{nyse|KND}}) is a healthcare services company that through its subsidaries operates hospitals, nursing centers, and contract rehabilitation services across the [[United States]]. Kindred is the largest post-acute healthcare provider in the US <ref> Ranking based on revenues. </ref> and is largely renowned for its [[Medical ventilator|ventilator]] rehabilitation services.
The company was founded in 1985 as '''Vencor, Inc.''' The current name was adopted on April 20, 2001 following its emergence from [[Chapter 11, Title 11, United States Code|Chapter 11]] bankruptcy.
<ref>
{{cite press release
| title = VENCOR EMERGES FROM CHAPTER 11
| publisher = Kindred Healthcare, Inc.
| date = April 20, 2001
| url = http://web.archive.org/web/20010608053705/www.kindredhealthcare.com/press/emergence.htm
| format =
| language = English
| accessdate = 2007-06-28
| quote = The name Kindred Healthcare was selected to reflect the Company's values, quality, compassion and integrity.
}}
</ref> The company's fortunes improved largely post-reorganization. Kindred is a former [[Fortune 500]] company, and was ranked as 518 in 2008. <ref>{{cite web
| last =
| first = FORTUNE 500
| authorlink =
| coauthors =
| title = Fortune 500 2008: Kindred Healthcare
| work =
| publisher =
| date =
| url = http://money.cnn.com/magazines/fortune/fortune500/2008/snapshots/10748.html
| format = HTML
| doi =
| accessdate = July 3, 2008}}
</ref>
At the close of 2007, 630 facilities were being run and operated by Kindred, including long-term acute care (LTAC) [[hospitals]], [[nursing home|nursing centers]], and [[physiotherapy|rehabilitation]] services. Overall, the corporation serves approximately 35,000 patients daily across 40 states. <ref>As of December 31, 2007.</ref> Its headquarters is located in [[Louisville, Kentucky]].
On July 31, 2007, Kindred and [[AmerisourceBergen]] combined their institutional pharmacy services businesses to form [[PharMerica]]. <ref> {{cite web
| last = Kindred Healthcare
| first =
| authorlink =
| coauthors =
| title = AMERISOURCEBERGEN AND KINDRED HEALTHCARE ANNOUNCE COMPLETION OF TRANSACTION TO CREATE PHARMERICA CORPORATION
| work = Kindred Healthcare Press Release
| publisher =
| date = 2008
| url = http://www.kindredhealthcare.com/Press/2007-07-31.asp
| format =
| doi =
| accessdate = July 8, 2008 }}
</ref> Kindred is currently looking into opportunities to develop Transitional Care Units for patients who may no longer require the diagnostic provisions and daily supervision of a physician. <ref>{{Citation
| last = Kindred Healthcare Operating, Inc.
| first =
| author-link =
| last2 =
| first2 =
| author2-link =
| title =
| journal = Spirit
| volume =
| issue =
| pages = pp. 10
| date = December 2007
| year = 2007
| url =
| doi =
| id = }}
</ref>
==Mission Statement==
Kindred Healthcare's mission statement is as follows:
<blockquote>
Kindred Healthcare’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. <ref> Updated in Spring 2008. </ref>
</blockquote>
==Divisions==
Kindred has currently operates three seperate divisions: the [[Hospital|Hospital]] division, the [[Nursing home|Health Services]] division, and People''first'' [[Physiotherapy|Rehabilitation]]. A former fourth division, Kindred Pharmacy Services (KPS), was recently spun off in a merger with [[AmerisourceBergen]], resulting in the creation of [[PharMerica]].
===Hospital Division===
Kindred Healthcare currently operates 84 [[hospitals]] (a total of 6,567 beds) in 24 states. <ref>{{cite web
|url= http://www.kindredhealthcare.com/KHMapped/documents/10k-2007.pdf
|title= Kindred Healthcare Annual Report: SEC Form 10-K 2007
|accessmonthday= July 1
|accessyear= 2008
|author= Kindred Healthcare
|year= 2007
|format= PDF
|pages= pp. 3
}}
</ref> All Kindred hospitals are long-term acute care service providers (LTACs). Where traditional short-term acute care hospitals have an average [[Length of stay|length-of-stay]] of 4.8 days, Kindred's LTAC hospitals have an average length-of-stay of about 30 days. <ref>{{cite web
|url= http://www.cdc.gov/MMWR/preview/mmwrhtml/mm5427a6.htm
|title= Average Length of Hospital Stay by Diagnostic Category
|accessmonthday= July 9
|accessyear= 2008
|author= QuickStats
|year= 2003
|format= HTML
|pages=
See "All diagnoses."
}}
</ref><ref>{{cite web
|url= http://www.kindredhealthcare.com/InvestorInfo/profile/Hospital.asp
|title= Hospital Division
|accessmonthday= July 1
|accessyear= 2008
|author= Kindred Healthcare
|year= 2008
|format= HTML
|pages=
}}</ref>
Those who Kindred serves are often medically complex patients who require prolongued treatment plans and extended recovery time. These patients typically have seriously medical conditions. Kindred's treatment approach is carried out by an [[Interdisciplinarity|interdisciplinary]] team of healthcare professionals, including [[Respiratory therapy|respiratory therapists]], [[nurses]], [[pharmacists]], [[Physiotherapy|physical therapists]], [[Occupational therapy|occupational therapists]], and [[dietitians]].
Common services provided by Kindred Healthcare hospitals include: <ref>{{Citation
| last = Kindred Healthcare Operating, Inc.
| first =
| author-link =
| last2 =
| first2 =
| author2-link =
| title = Kindred Healthcare: A Diversified Post-acute Healthcare Company
| journal =
| volume =
| issue =
| pages = 3
| date = 2007
| year =
| url =
| doi =
| id = }}
</ref>
* [[Lung|Pulmonary]] services ([[ventilator]] management and weaning, [[Tracheotomy|tracheostomy]] management, etc.)
* Critical care services (for such conditions as multi-system failure, [[heart failure]], [[Shock (medical)|shock]], or pre- or post- [[Organ transplant|transplant]] care)
* [[Intravenous therapy|IV]] [[antibiotic]] care (for [[infections]] such as [[Sepsis|septicemia]] and [[soft tissue]] infections)
* [[Wound]] care services (management of complex wounds, including [[Diabetes mellitus|diabetic]] and [[Bedsore|decubitus ulcers]])
* [[Rehabilitation|Rehab]] services for medically complex patients including [[orthopedic]], [[cardiac]] and [[pulmonary]] rehab
* Sub-acute and [[outpatient]] programs ([[rehabilitation]], [[surgery]], comprehensive wound treatment including [[Hyperbaric medicine|hyperbaric oxygen therapy]])
Kindred operates both freestanding hospitals and hospital-in-hospitals. As of December 31, 2007, Kindred ran 67 frestanding hospitals with 5,845 licensed beds. <ref>{{cite web
|url= http://www.kindredhealthcare.com/KHMapped/documents/10k-2007.pdf
|title= Kindred Healthcare Annual Report: SEC Form 10-K 2007
|accessmonthday= July 1
|accessyear= 2008
|author= Kindred Healthcare
|year= 2007
|format= PDF
|pages= pp. 8
}} </ref> Along with traditional freestanding hospitals, Kindred operates 17 hospital-in-hospitals (HIH). An HIH operates in a "[[host]] hospital," where it provides LTAC services to patients it recieves from the short-term acute care units. <ref>{{cite web
|url= http://www.kindredhealthcare.com/KHMapped/documents/10k-2007.pdf
|title= Kindred Healthcare Annual Report: SEC Form 10-K 2007
|accessmonthday= July 1
|accessyear= 2008
|author= Kindred Healthcare
|year= 2007
|format= PDF
|pages= pp. 9
}} </ref>
The Hospital Division had [[revenues]] of $1.8 billion in 2007, <ref> Before eliminations </ref> making Kindred the largest [[network]] of LTAC hospitals in the Unites States. <ref>{{cite web
|url= http://www.kindredhealthcare.com/KHMapped/documents/10k-2007.pdf
|title= Kindred Healthcare Annual Report: SEC Form 10-K 2007
|accessmonthday= July 1
|accessyear= 2008
|author= Kindred Healthcare
|year= 2007
|format= PDF
|pages= pp. 5
}} </ref>
In February 2006, Kindred acquired five freestanding LTAC hospitals and one hospital-in-hospital through the Commonwealth Transaction, in which Kindred bought the operations of Commonwealth Communities Holdings LLC in [[Massachusetts]].<ref>{{cite web
|url= http://www.kindredhealthcare.com/KHMapped/documents/10k-2007.pdf
|title= Kindred Healthcare Annual Report: SEC Form 10-K 2007
|accessmonthday= July 1
|accessyear= 2008
|author= Kindred Healthcare
|year= 2007
|format= PDF
|pages= pp. 3
}} </ref>
Every Kindred hospital is reviewed by internal quality [[auditors]] for [[compliance]] with the standards of the [[Joint Commission]].
==External links==
*[http://www.kindredhealthcare.com/home.asp Kindred Healthcare website]
== References ==
<references/>
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[[Category:Companies based in Louisville, Kentucky]]
[[fr:Kindred Healthcare]]