Kindred Healthcare, LLC
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Kindred Healthcare, LLC - overview
Established
1985
Location
Louisville, KY, US
Primary Industry
Healthcare
About
Kindred Healthcare, LLC is a U. S. -based company specializing in providing long-term acute care services to patients with complex medical conditions, emphasizing rehabilitation and recovery processes. Founded in 1985 and headquartered in Louisville, US, Kindred Healthcare, LLC operates specialized hospitals focusing on long-term acute care.
The company has undergone significant restructuring, separating into two entities in July 2018: Kindred Specialty Hospital and Kindred at Home. In June 2021, Kindred Healthcare, LLC was acquired by Lifepoint Health, Inc. , which committed USD 1. 5 billion to expand its healthcare services, resources, and expertise.
The firm's leadership has seen changes, including the departure of Benjamin Breier as CEO post-acquisition. Kindred Hospitals provides long-term acute care (LTAC) for patients with complex medical conditions, including respiratory care, wound care, cardiac care, and medically complex care. Their services are delivered through interdisciplinary care teams, developing tailored treatment plans to meet individual patient needs. With over 50 locations across 16 states, they cater to patients with severe health issues and transition care needs, collaborating with healthcare systems and families.
In 2017, Kindred Hospitals reported revenue of USD 6,034. 12 mn and an EBITDA of USD -11. 35 mn. Their business model relies on contracts with healthcare providers and insurance companies that reimburse for long-term acute care services and specialized treatments.
Following the acquisition by Lifepoint Health, Kindred Healthcare, LLC plans to leverage the USD 1. 5 billion investment to enhance its service offerings and expand into new markets. The focus will be on improving community healthcare resources and expertise. The acquisition completed in October 2021 is expected to facilitate the development of new rehabilitation programs and integrate more advanced technologies in patient care.
Current Investors
Apollo , RCCH Healthcare Partners , Lifepoint Health, Inc.
Primary Industry
Healthcare
Sub Industries
Home Healthcare, Nursing Homes & Assisted Living, Hospitals, Mental Health Services
Website
www.kindredhealthcare.com
Verticals
HealthTech
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Kindred Healthcare, LLC - financials
| Fiscal Year Ended | Dec 31, 2008 | Dec 31, 2009 | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 4,151,396,000 | 4,270,007,000 | 4,359,697,000 | 5,521,763,000 | 6,181,291,000 | 4,900,510,000 | 5,027,599,000 | - | - | - |
| % Revenue Growth (YoY) | - | 2.9% | 2.1% | 26.7% | 11.9% | (20.7%) | 2.6% | - | - | - |
| EBITDA (USD) | 246,332,000 | 245,916,000 | 229,210,000 | 195,957,000 | 336,656,000 | 255,510,000 | 375,002,000 | - | - | - |
| Operating Income (USD) | 111,430,000 | 109,607,000 | 96,944,000 | 17,544,000 | 114,637,000 | 50,033,000 | 174,121,000 | - | - | - |
| Operating Margin | 2.7% | 2.6% | 2.2% | 0.3% | 1.9% | 1.0% | 3.5% | - | - | - |
| % EBITDA Margin | 5.9% | 5.8% | 5.3% | 3.5% | 5.4% | 5.2% | 7.5% | - | - | - |
| NET Income (USD) | 36,285,000 | 40,111,000 | 56,491,000 | (53,719,000) | (39,324,000) | (164,835,000) | (61,432,000) | - | - | - |
| % Net Margin | 0.9% | 0.9% | 1.3% | (1.0%) | (0.6%) | (3.4%) | (1.2%) | - | - | - |
Kindred Healthcare, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| N/A | Completed | Kindred Hospital The Palm Beaches | - | ||||||||
| N/A | Completed | Kindred Seattle – Northgate | - | ||||||||
| Add-on, Trade Sale | Completed | Kindred Healthcare, LLC | - | ||||||||
| N/A | Completed | Texas Rehabilitation Hospital of Keller | - | ||||||||
| Add-on, Trade Sale | Completed | RehabCare, Inc. | - |
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Kindred Healthcare, LLC - employee data
Kindred Healthcare, LLC - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| President, Chief Executive Officer and Board Chairman | BM | ||||||
| Board Member | BM | ||||||
| Chairman Physician Advisory Board | BM |
BM Board Member
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