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Kindred Healthcare history
Kindred Healthcare company history timeline
Kindred was founded in 1985 as Vencor, Inc.
The current name was adopted on April 20, 2001, following Vencor's emergence from Chapter 11 bankruptcy.
Kindred went public in 2001 on the New York Stock Exchange with the symbol KND.
In 2011, Victorian Home Care joined forces with Kindred at Home, the nation’s largest provider of home health and personal home care assistance services.
In June 2017, Kindred announced a definitive agreement with BM Eagle Holdings, LLC, a joint venture led by affiliates of BlueMountain Capital Management, to sell the company's skilled-nursing facility business for $700 million.
In December 2017, Kindred Healthcare Inc. announced that it would be acquired for approximately $4.1 billion by a consortium of three companies: TPG Capital, Welsh, Carson, Anderson & Stowe (WCAS) and Humana.
The acquisition was contested by shareholder Brigade Capital Management, who filed a suit with the SEC in March 2018 and submitted a letter to Kindred's board and management arguing that the $9 per share price offered by the deal was "grossly inadequate."
Kindred's stock ceased trading on the New York Stock Exchange on June 29, 2018, as it transitioned to a privately held company.
In 2019, Kindred and Jefferson County Public Schools (JCPS) launched Honeycomb classrooms, new innovation centers at local high schools, providing students with access to the latest technology.
In December 2021, Kindred Healthcare was acquired by leading healthcare company, LifePoint Health.
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Kindred Healthcare competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Tenet Healthcare | 1969 | $20.7B | 102,000 | 3,976 |
| Community Health Systems | 1985 | $12.6B | 120,000 | 5,568 |
| MEDNAX | 1979 | $1.7B | 8,000 | 4 |
| Brookdale Senior Living | 1978 | $3.1B | 62,550 | 2,219 |
| Humana | 1961 | $77.2B | 48,700 | 10,647 |
| Genesis HealthCare | 1985 | $3.8B | 68,700 | 3,966 |
| Express Scripts Holding | 1986 | $100.1B | 26,600 | - |
| LA Fitness | 1984 | $2.1B | 13,387 | 1 |
| Elevance Health | 1944 | $121.9B | 63,900 | - |
| UnitedHealth Group | 1977 | $400.3B | 300,000 | 8,989 |
Kindred Healthcare history FAQs
Zippia gives an in-depth look into the details of Kindred Healthcare, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Kindred Healthcare. The employee data is based on information from people who have self-reported their past or current employments at Kindred Healthcare. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Kindred Healthcare. The data presented on this page does not represent the view of Kindred Healthcare and its employees or that of Zippia.
Kindred Healthcare may also be known as or be related to KINDRED EMPLOYEE ASSISTANCE FUND INC, KINDRED HEALTHCARE INC, Kah Development 4, L.L.C., Kindred Healthcare, Kindred Healthcare Inc, Kindred Healthcare LLC, Kindred Healthcare, Inc. and Kindred Healthcare, LLC.