Kindred Announces $4.1 Billion Sale To Consortium, Including Humana & Equity Firms

Kindred Healthcare (Kindred) recently announced it will be purchased by a consortium of three companies, which include Humana, TPG Capital, and Welsh, Carson, Anderson, & Stowe. It is expected that the purchase will close in the summer of 2018.

The $4.1 billion purchase will separate Kindred’s home health, hospice, and community care businesses, and Kindred will operate as Kindred at Home, a standalone company. Additionally, Kindred’s longer-term acute care hospitals, inpatient rehabilitation facilities, and contract rehabilitation services businesses will be operated as a separate hospital company named Kindred Healthcare. Kindred’s current President and CEO will . . .