Kindred Healthcare, Inc. (the “Company”) (NYSE:KND) today announced the opening of Kindred Hospital Philadelphia – Havertown in Havertown, Pennsylvania, and Kindred Hospital Richmond in Richmond, Virginia.
Kindred Hospital Philadelphia – Havertown is a 57-bed freestanding long-term acute care (“LTAC”) hospital. The Company currently operates a freestanding LTAC hospital under the name Kindred Hospital – Philadelphia and a hospital-in-hospital under the name Kindred Hospital – Delaware County in the Philadelphia market.
Kindred Hospital Richmond is a 60-bed freestanding LTAC hospital, the Company’s only LTAC hospital in Virginia.
“These hospitals are part of our continued strategy to develop new LTAC hospitals in underserved markets where our shareholders can expect a solid return on their invested capital,” said Paul J. Diaz, President and Chief Executive Officer of the Company.
“Our nationwide system of LTAC hospitals provides specialized care to medically complex patients who require prolonged treatment plans and extended recovery time,” said Frank J. Battafarano, Executive Vice President and President of the Company’s Hospital Division. “The Havertown hospital will serve an underserved area in the Philadelphia market and we look forward to providing long-term acute hospital care in the Richmond area.”
About Kindred Healthcare
Kindred Healthcare, Inc. (NYSE:KND) is a Fortune 500 healthcare services company, based in Louisville, Kentucky, with annual revenues of over $4 billion. Kindred through its subsidiaries operates long-term acute care hospitals, skilled nursing centers and a contract rehabilitation services business, Peoplefirst Rehabilitation Services, in approximately 560 locations in 39 states across the United States. Kindred’s 51,000 employees are committed to providing high quality patient care and outstanding customer service to become the most trusted and respected provider of healthcare services in every community we serve. For more information, go to www.kindredhealthcare.com.
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