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KINDRED HEALTHCARE, INC

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2018 10-Q, filed May 8, 2018. Its latest SEC filing is a 15-12B from Jul 12, 2018.

The sections below describe the company as of the FY2017 annual report.

What Did They Do?

Provides home health, hospice and community care to patients, operates hospitals for medically complex patients, and provides rehabilitation services in hospitals and long-term care settings.

How Did They Make Money?

FY2017 revenue

Who Were Their Customers?

Patients receive home health, hospice, community care and hospital services; hospitals and skilled nursing facilities use Kindred’s rehabilitation services. Hospital services are paid by government programs, commercial insurers and other third-party payors.

Did Revenues Turn Into Profits?

No. It lost $698.4M in FY2017.

Net income, FY2017
−12% of revenue
▲ +5% (Loss) vs FY2016 (−$664.2M, −11%)

How Were They Changing?

Since the FY2017 annual report
Latest quarter: Q1 FY2018, the three months to Mar 31, 2018
Revenue
▼ −2%
vs $1.5B in Q1 FY2017
Net income
▼ −70% (Loss)
vs −$5.7M in Q1 FY2017
  • Jul 2, 2018 Kindred completed its merger; shares converted into cash

Grew. Revenue grew 26% in 4 years, from $4.8B in FY2013 to $6B in FY2017, about 6% a year.

Exit from nursing centers The older report included nursing centers and assisted living facilities; the latest report describes a divestiture of the skilled nursing business and focuses on home care, hospitals and rehabilitation services.

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