Kindred Healthcare announced the closing of long-term acute care hospitals in Dallas and Fort Worth, Texas as part of a consolidation. The closing will affect 381 employees. The Louisville, Kentucky-based specialty hospital operator also will close a Houston-area location in Spring, eliminating an additional 160 jobs.
Kindred described the North Texas closings as a strategic decision. The hospitals will close by March 15, 2020; however, the organization will work with consumers needing care after the North Texas hospitals close to relocate them to other facilities.
Kindred was acquired in 2018 by Humana Inc. and investment firms TPG Capital and Welsh, Carson, Anderson & Stowe in a deal valued at $4.1 billion. The buyers took it private and separated it into two companies – a specialty hospital operator and a home health care provider organization. At the time, Kindred Healthcare had annual revenue of $3.4 billion and about 38,300 employees in 1,831 locations in 45 states, including 75 long-term care hospitals.
Kindred Healthcare is a leading diversified post-acute health care provider of transitional care hospitals, rehabilitation services. Kindred Healthcare’s mission is to help consumers reach their highest potential for health and healing with intensive medical and rehabilitative care through a compassionate patient experience.
This was reported by The Dallas Morning News on January 23, 2020.
Contact information: Kindred Healthcare, 680 South Fourth Street, Louisville, Kentucky 40202; 502-596-7300; Website: www.kindredhealthcare.com