Acute care provider Kindred Healthcare explores sale: sources [Reuters]
KINDRED HEALTH CARE (KND)
Last kindred health care earnings: 2/28 07:00 am
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Source: Reuters
Acute care provider Kindred Healthcare explores sale: sources n"Kindred Healthcare Inc ( KND.N ) is exploring a sale, according to people familiar with the matter, as the largest home health, hospice and community care provider in the United States faces pressure to reduce its exposure to Medicare patients. Kindred's shares have dropped by more than a third in the last 12 months, as investors fret over its reliance on the Medicare federal health insurance program for revenue, as well as changes to how post-acute care services will be reimbursed in any reform of the healthcare system under U.S. President Donald Trump. Kindred is working with investment banks on the sale process, which is still in the early stages, the people said on Thursday. The company could attract interest from major health insurers such as Humana Inc ( HUM.N ) as well as private equity firms such as Apollo Global Management ( APO.N ) and Blackstone Group LP ( BX.N ), the people added. The sources cautioned, howe
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