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Home > Company Index > Health Products & Services > Long-Term Care Facilities > Kindred Healthcare, Inc.

Kindred Healthcare, Inc.
OTC: KIND
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 PROFILE
Kindred Healthcare (formerly Vencor) operates about 55 acute care hospitals and more than 300 skilled nursing facilities providing such health services as respiratory, rehabilitation, and chronic care. It also operates institutional pharmacies. Medicare and Medicaid reimbursements make up almost 70% of its revenues. In 1998 the company split itself into Kindred and Ventas (a REIT, or real estate investment trust, that owns the properties and leases them to Kindred). Struggling with plunging profits, lower reimbursements, and problems with lenders, the company filed for Chapter 11 bankruptcy protection and has emerged under a plan of reorganization worked out with Ventas.

 COMPETITION
Beverly Enterprises, Inc. (BEV)
HCA, Inc. (HCA)
Tenet Healthcare Corporation (THC)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 2,888.50
1-Yr. Sales Growth: 8.4%
Employees: 51,900
Revenue per employee: $55,655.11

 KEY PEOPLE
• Edward L. Kuntz
    CEO
• Richard A. Schweinhart
    CFO

 CONTACT INFO
1 Vencor Place, 680 S. 4th St.
Louisville, KY 40202
US
Phone: 502-596-7300
Fax: -
Online: Web Site

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