mueller industries ( nyse : mli ) is an american company that was started in 1917 .

it was included in the top 1000 list of fortune 1000 in 2012 .

the head office of the company is located in memphis , tennessee .

mueller industries , inc. is a multibillion-dollar revenue company that is publicly traded .

the company has operations throughout the united states , canada , mexico , china , south korea and great britain .

the 2009 appointed ceo of the company is gregory l. christopher .

mueller industries

mueller industries inc . [ mli : us ] | mueller industries inc . company profile | tmxmoney
mueller industries , inc . - company profile , information , business description , history , background information on mueller industries , inc .
glassdoor gives you an inside look at what it ' s like to work at mueller industries , including salaries , reviews , office photos , and more . this is the mueller industries company profile . all content is posted anonymously by employees working at mueller industries .
1990 : mueller acquires u - brand corporation , maker of plastic valves and pipe fittings and other products ; mueller emerges from the sharon steel bankruptcy proceedings as an independent company called mueller industries , inc .
third party trademarks used herein are the property of their respective owners . ©2014 mueller industries , inc . all rights reserved .
mueller industries , inc . world headquarters 8285 tournament dr . , suite 150 memphis , tn 38125 ph : 901 - 753 - 3200
1893 : hieronymous mueller incorporates his copper and brass plumbing products business in michigan as h . mueller manufacturing company .
i applied through college or university . the process took 2 + months . i interviewed at mueller industries ( memphis , tn ) in march 2017 .
whether you are a long - standing , loyal customer , or someone who is visiting us for the very first time , welcome to mueller industries , inc .
only top brass make it in mueller industries ' business . that and copper , aluminum , and plastic - - materials used to make mueller tubes and fittings , bars and rods , forgings , extrusions , pipes , and valves . mueller also resells a myriad of products , from brass and . . .
mueller industries , inc . ( mli ) ex - dividend date scheduled for may 31 , 2018 5 / 30 / 2018 9 : 00 : 06 am - urltoken news
principal subsidiaries : mueller brass co . ; itawamba industrial gas company , inc . ; streamline copper & brass ltd . ( canada ) ; mueller plastics corporation , inc . ; mueller brass forging company , inc . ; mueller copper fittings company , inc . ; mueller copper tube company , inc . ; mueller formed tube company , inc . ; mueller impacts company , inc . ; mueller line set inc . ; mueller press company , inc . ; mueller refrigeration products company , inc . ; lincoln brass works , inc . ; precision tube company , inc . ; mueller tool and machine , inc . ; mueller casting company , inc . ; micro gauge , inc . ; microgauge machining , inc . ; propipe technologies , inc . ; mueller europe , ltd . ( u . k . ) ; mueller de mexico ; mueller europe , s . a . ( france ) ; b & k industries , inc . ; mueller copper tube products , inc . ; mueller streamline fsc ltd . ( virgin islands ) ; arava natural resources company , inc . ; united states fuel company ; king coal company ; canco oil & gas ltd . ( canada ) ; aegis oil & gas leasing ltd . ( canada ) ; bayard mining corporation ; washington mining company .
mueller industries is one of the world ' s leading manufacturers of copper , brass , plastic , steel , and aluminum products . mueller industries offers a wide array of products for industrial end - user applications including brass rod , aluminum forgings , and impact extrusions . we also offer a wide array of engineered products and solutions for original equipment manufactures .
to contact mueller industries inc , please visit urltoken . company data is provided by s & p ; global market intelligence . please use this form to report any data issues .
excelling in the production and distribution of the finest quality copper and brass products is the foundation upon which mueller industries operates . since its inception in 1917 as mueller metals company and later mueller brass company in port huron , michigan , the company has been a leader in the development of new products and innovative manufacturing processes .
mueller industries traces its history back to 1852 when 20 - year - old hieronymous mueller migrated to the united states . mueller was an inventor with an interest in plumbing - - particularly plumbing using copper . in 1872 he patented an improved water tapping machine . in 1877 he became the first to pour castings using brass , an alloy of copper and zinc . mueller parlayed these inventions into manufacturing facilities , and in 1893 , with $ 68 , 000 in capital , he incorporated his business in michigan as the h . mueller manufacturing company .
1991 : mueller moves its headquarters from port huron , michigan , to wichita , kansas .
mueller industries inc is a manufacturer and distributor of copper , brass , aluminum , and plastic products . the product range consists of copper tube and fittings , line sets , brass and copper alloy rod , and aluminum impact extrusions .
constantly looking for opportunities to grow and expand product offerings , whether through capital improvements or acquisitions , mueller industries , inc . aggressively reinvests in manufacturing operations and other disciplines to strengthen competitive position . over the years and continuing to the present , the company has completed several acquisitions that significantly strengthened and expanded core businesses with a wide array of complementary new products . today , more than ever , customers can look to mueller industries ' brands to fulfill their changing and expanding needs .
principal competitors : wolverine tube , inc . ; nibco , inc . ; cerro copper products co . , inc . ; chase industries , inc . ; charlotte pipe & foundry company ; cambridge - lee industries inc . ; amcast industrial corporation ; cerro metal products company , inc . ; extruded metals inc .
for some time , u . s . smelting refining and mining ( ussram ) had been acquiring mueller stock and by 1965 had amassed a 72 percent share of the company . that year ussram made an offer to acquire the remainder of mueller through a stock swap - - a proposal that was approved overwhelmingly by both companies . technically , mueller brass and ussram merged to become a new mueller subsidiary called mueller brass corp . upon completion of the consolidation , however , the subsidiary ' s name was changed to u . s . smelting , refining , & mining company and ussram ' s management took over the new company , in effect absorbing mueller .
1987 : sharon steel files for bankruptcy ; mueller remains a viable enterprise and does not file for chapter 11 .
since our beginning in 1917 as the mueller metals co . and later mueller brass co . , mueller industries has built a well - earned reputation for offering the finest - quality plumbing , hvac , refrigeration , and industrial products in the industry . with manufacturing and distribution facilities located across north america , great britain , mexico , and china , we supply a global audience of wholesalers , retailers , and original equipment manufacturers with the broadest offering of tube , fittings , valves , industrial materials and engineered solutions from a single source .
mueller industries , inc . is a multi - billion dollar revenue company that is publicly traded on the new york stock exchange ( mli ) . the company provides wholesalers , retail distributors and original equipment manufacturers ( oem ) around the world with one of the broadest offerings of flow control and industrial products from a single source . since beginning in 1917 in port huron , michigan , as mueller metals company , and later mueller brass company , the organization has built a well - earned reputation for producing the finest quality products in the industry - and have excelled in the development of new products and innovative manufacturing processes .
after the stock market crashed in 1929 , mueller fell victim to the same types of pressures other industrial companies were experiencing . moreover , as a company that provided supplies to industrial firms , especially in the area of housing construction , mueller experienced sales that generally reflected the low level of economic activity in the country . this being the case , mueller canceled dividends and tightened its belt during the first half of the 1930s .
during this time , mueller was not static . the company had never filed for chapter 11 and remained a viable enterprise . in 1990 mueller acquired u - brand corporation , an ashland , ohio , company whose plants in ashland and upper sandusky , ohio , manufactured plastic valves , pipe couplings , steel pipe nipples , malleable iron pipe fittings , iron castings , and plastic pipe fittings for wholesalers and hardware stores . in addition , mueller continued to innovate , bringing out - - coincident with new strict epa regulations - - the srd - 1 which allowed customers in the refrigeration and climate control industries to capture and recover fluorocarbons during repair operations .
after the war , mueller continued to make technological advances , key to the growth of significant industries . for the nascent mechanical refrigeration industry , the company provided brass forging that did not leak refrigeration gas like the porous castings previously in use . in addition , the port huron plant pioneered high - strength brass forging for gears , bearings , and pumps used by manufacturers of mechanical devices .
watson , mark ,
mueller to sell railroad company ,
memphis ( tenn . ) commercial appeal , august 21 , 2002 , p . c2 .
mueller industries , inc . is a global leader in the manufacturing and distribution of copper tube and fittings ; brass and copper alloy rod , bar and shapes ; aluminum and brass forgings ; aluminum and copper impact extrusions ; plastic fittings , pipe and valves ; refrigeration valves and fittings ; and fabricated tubular products . operations are located throughout the united states , canada , mexico , china , and great britain .
1965 : having previously amassed a 72 percent share of mueller , u . s . smelting refining and mining ( ussram ) acquires the remaining shares and takes full control .
surprisingly , mueller returned to profitability by the mid - 1930s , reinstating dividends in 1935 . toward the end of the decade , the war in europe and a reviving economy at home spurred production . mueller became highly profitable , a fact borne out by generally increasing dividends , including the record $ 2 . 25 dividend the company paid in 1941 .
mueller continued to grow , reporting profits of $ 2 . 35 million on sales of $ 80 . 8 million in 1963 . the company also acquired the assets of the bay engineering company of bridgeport , michigan , the following year . management , however , did not cling to the idea of a large , independent mueller with an indefinite future .
the issues surrounding sharon were finally resolved on december 28 , 1990 , when negotiators , headed by raymond wechsler , an advisor to the quantum fund , hammered out a plan to divide up the company . after 25 years as a subsidiary , mueller reemerged as an independent company called mueller industries , inc . the new mueller was an industrial concern that held its traditional plumbing and flow control equipment operation as well as natural resource holdings centered around a division called arava natural resources company , inc . this new sector of the business included the utah railway company - - a short - line that carried coal to provo , utah , for transshipment by major rail carriers - - alaskan gold mining operations , and a variety of mining interests in canada and the west . ( sharon ' s steel assets were spun off into a new firm called sharon specialty steel , inc . ) during 1991 mueller moved its headquarters from port huron , michigan , to wichita , kansas .
the firm prospered throughout the next two decades . in 1913 , as great britain entered world war i , mueller completed its first canadian plant . with the united states ' entrance into the war , mueller , like many industrial companies , participated in a general increase in manufacturing . in order to produce munitions , the company began construction , in port huron , michigan , of the first commercial forging facility in the united states . when that plant opened on december 17 , 1917 , the business was reincorporated as mueller metals company .
since 1917 mueller industries has been providing our customers with the best products , services , and support in the hvac / r industry . we invented and pioneered the now famous streamline solder type copper fitting and nitrogenized acr copper tube that have become industry standards . today , we offer one of the most complete lines of hvac and refrigeration products available from single source . our ongoing commitment to quality and innovation continue to make our products the preferred and specified by industry professionals and manufacturers alike .
mueller was still directing its primary efforts at the plumbing supply business , however . in 1923 the company introduced soft copper tube for underground water supplies and , in 1924 , hard copper tube for indoor water supplies . by 1927 , mueller brass company ( the new name having been adopted in 1925 ) was firmly established in the plumbing business and was producing a full line of fittings and valves produced in its own foundry .
in the early 1970s , ussram changed its name to uv industries , inc . to better represent an increasingly diverse product mix that , by then , also included electrical equipment . mueller , in the meantime , continued to expand , though not quite at the pace it did in the late 1960s . in 1973 the company purchased plants in hartsville , tennessee , to produce refrigerator and air conditioning components . by 1976 , however , slow housing starts had led to a performance that , while acceptable , was nowhere near what it might be in a boom economy .
mueller industries is your single source for a wide array of residential and commercial plumbing products . our streamline brand of copper tube and fittings , abs and pvc fittings , and abs dwv pipe are preferred by professionals around the world . in addition we offer today a full line of faucets , plumbing valves and plumbing specialties under our b & k brand . our southland brand is well known for its high quality steel pipe , ready - cut pipe , steel nipples and malleable iron and red brass fittings . since the early 1900a ' s we have been producing the finest plumbing products in the industry .
mueller industries is your single source for a wide array of residential and commercial plumbing products . our streamline brand of copper tube and fittings , abs and pvc fittings , and abs dwv pipe are preferred by professionals around the world . in addition we offer today a full line of faucets , plumbing valves and plumbing specialties under our b & k brand . our southland brand is well known for its high quality steel pipe , ready - cut pipe , steel nipples and malleable iron and red brass fittings . since the early 1900 ' s we have been producing the finest plumbing products in the industry .
streamline copper tube sets the standard for quality , consistency and service in the plumbing , refrigeration and hvac industries . with a full line of both copper and plastic - coated copper tube for plumbing , air - conditioning , refrigeration , medical gas and other applications , our ongoing commitment to quality continues to make our copper tube products the preferred and specified brand of industry professionals .
the economic downturn that coincided with the beginning of the 21st century halted mueller ' s string of record results , although the company was able to stay in the black . for 2001 , sales fell 15 percent while net income declined 28 percent . to minimize the effects of the downturn , mueller instituted a number of cost saving measures , including a wage freeze , and streamlined its sales and manufacturing operations . the company ' s plant in clinton , tennessee , was closed down , and mueller also exited from the metric copper fittings sector , closing its canadian plant in the process . in august 2002 the company completed the divestment of its noncore assets with the sale of utah railway to genessee & wyoming , inc . for $ 55 . 4 million . as it surveyed the future , mueller ' s outlook was clouded somewhat by the continued economic weakness and by the prospect of a larger downturn in the housing market , a sector that had remained relatively buoyant thanks to historically low interest rates .
offering a wide selection of products and sophisticated production capabilities is just the beginning . the commitment to customers is seen company - wide from a seasoned team of factory sales representatives and agents that receive extensive training to superior customer service strengthened by an integrated service center that allows the same representative to support each customer from order entry through fulfillment to a network of strategically located distribution facilities to ensure that products take the most direct route from manufacturing to customer delivery . with the continuous reinvestment in equipment , products , and most importantly people , mueller industries , inc . is prepared to meet the needs of a growing family of customers more than at any time in the company ' s proud history .
mueller industries , inc . is a leading u . s . - based manufacturer of copper , brass , plastic , and aluminum products . the company ' s standard products division , which generates about three - quarters of overall revenues , produces copper tube , holding a leading position in air - conditioning and refrigeration tubes ; both copper and plastic fittings for plumbing and heating applications ; and valves . the products of this division are mainly sold to wholesalers in the heating , air - conditioning , plumbing , and refrigeration markets . the industrial products division , which primarily serves original equipment manufacturers , produces brass and copper alloy rod , bar , and shapes ; aluminum and brass forgings ; aluminum and copper impact extrusions ; refrigeration valves and fittings ; fabricated tubular products ; and gas valves and assemblies . the company operates 22 factories - - 20 in the united states and a single plant each in france and the united kingdom . only about 13 percent of mueller ' s sales originate outside the united states .
the steadily expanding economy in the mid - 1990s fueled growth in housing starts , which was the key economic indicator for mueller given the large portion of sales that were generated from the construction industry . both revenues and earnings advanced steadily during this period , culminating in the 1996 figures of $ 61 . 2 million in net income on net sales of $ 729 . 9 million . during 1995 the company declared a two - for - one stock split and also announced that the headquarters would be moved from wichita to memphis , tennessee . the move , completed in may 1996 , was taken in order to place the head office closer to mueller ' s core manufacturing operations in tennessee and mississippi . the mid - 1990s were also marked by major capital outlays in which mueller invested about $ 100 million in plant improvements that increased production capacity and improved efficiency in the company ' s manufacturing operations .
the merger proved to be profitable from the start . in 1969 , after horwitz invested $ 17 million in mueller ' s interests and $ 16 million in the copper mine , ussram ' s sales reached an all - time high of $ 170 million , while income hit a record $ 12 million .
after mueller emerged from sharon steel ' s shadow , the quantum fund held about 46 percent of the common stock , with the remainder owned by sharon steel ' s creditors . the stock initially traded on the nasdaq exchange , but the company gained a listing on the new york stock exchange in february 1991 . during 1993 the quantum fund sold the bulk of its stake to the public through a secondary offering . then in 1994 mueller bought quantum ' s remaining 9 . 6 percent stake for $ 25 . 9 million . also in 1994 , o ' hagan was promoted to president and ceo , with karp remaining chairman .
in addition to its series of acquisitions and its continued investment of tens of millions of dollars to modernize and update existing plants , mueller during the late 1990s also divested a number of its natural resources operations as these businesses were increasingly viewed as noncore . at the end of 1997 the company sold off a coal mining business whose operations had been shut down earlier in the decade . alaska gold company , a subsidiary that operated an open pit gold mine in alaska , was sold to novagold resources , inc . for $ 5 . 5 million in april 1999 . this left mueller with one main natural resources operation , that of utah railway , the short - line coal - carrying railroad . mueller recorded its sixth straight year of revenue growth and its eighth consecutive year of earnings growth in 1999 . net sales surpassed the $ 1 billion mark for the first time , totaling $ 1 . 2 billion , while net income increased 31 . 7 percent , reaching $ 99 . 3 million .
in fact , the merger provided mueller with the capital to introduce new products , modernize old facilities , and build new plants . in 1967 the company began to offer plastic pipe and fittings . the port huron rod mill was modernized in 1971 - - doubling its copper alloys capacity . that same year construction of a fulton , mississippi , tube mill - - including a 6 , 300 - ton automated extrusion press - - was completed . in a speech reprinted by the wall street transcript , horwitz called the fulton plant
possibly the most efficient tube mill in the united states .
he concluded that given the plant ' s low cost operation , it had
enabled mueller to report profits when other mills were reporting losses and still others were closing down .
the largest bondholder was quantum overseas n . v . , an investment fund based in curacao that was headed by high - stakes investor george soros . quantum and the other holders allowed payments on the debentures to be extended more than 20 times while they tried to negotiate a settlement . in 1986 it was rumored that sharon would sell mueller to quantum for $ 55 million , but that exchange never took place .
in 1977 victor posner , chairman of sharon steel corporation , offered to buy uv industries . posner was a miami beach businessman who had dropped out of high school and made a fortune in real estate by the time he was 30 . he got involved in mergers and acquisitions and eventually used his nvf company to gain control of sharon , then the 12th largest steel company in the united states . one of posner ' s tactics was to use subordinate debentures - - bonds subordinate to other claims and backed by the general credit of the issuer - - rather than a specific lien on particular assets in order to fund his activities .
in its first year as an independent company , mueller announced a loss of $ 43 . 7 million on sales of $ 441 million . almost all of the 1991 loss was due to a revaluation of assets , coupled with costs related to the bankruptcy proceeding and restructuring of the business following the reorganization . harvey l . karp , who became chairman and ceo on october 8 , 1991 , moved quickly to shape up the company . he enhanced the balance sheet by selling $ 25 million worth of investment grade notes and negotiated for expanded borrowing capabilities that provided $ 40 million . in an effort to focus on the company ' s core manufacturing business , the sale of the malleable iron business - - which had not been profitable for mueller - - was arranged in 1992 . to help upgrade operations neglected for many years , karp made a commitment to allocate more capital and undertake improvement projects . he also negotiated settlements of litigation that asserted a $ 16 . 5 million guarantee obligation for the sharon steel business . this settlement turned out to be very favorable when sharon filed chapter 9 in the fourth quarter of 1992 . finally , among other key executives , karp recruited william d . o ' hagan , who had 32 years experience in the industry , to be mueller ' s chief operating officer and president . karp ' s efforts paid off handsomely - - for the year ended 1992 , earnings were up significantly , reaching $ 16 . 6 million on sales of $ 517 . 3 million .
ussram was a mining company whose primary products were gold , silver , lead , and zinc . founded in 1906 , the company was relatively stable until the early 1960s when a proxy fight led to the ascension of martin horwitz to the offices of president and chief executive officer in 1964 . under horwitz , ussram had followed an aggressive path of acquisitions and had begun to develop the continental copper mine in new mexico . in acquiring mueller , horwitz was looking to join copper mining and smelting with the production of copper products .
this was the means of payment he proposed in the acquisition of uv industries . uv , however , was wary of posner and the two sides went back and forth with extensive negotiations . finally , on november 26 , 1979 , it was agreed that sharon would acquire uv for an interim note worth $ 517 million and the assumption of uv ' s liabilities . however , sharon could not sell any uv assets until the interim note was exchanged for cash . this particular clause was important because it was widely assumed that posner would pay for the deal by selling uv ' s large portfolio of investments and marketable securities . according to the wall street journal , some analysts thought that cash would be hard to come by and that posner had
erred badly in trying to swallow uv .
under the posner regime , mueller remained profitable , and in 1983 the company ' s canadian subsidiary in strathroy , ontario , began manufacturing metric fittings . sharon , however , had difficulties . the company ' s debts were too high , and in 1985 , sharon defaulted on $ 33 million in interest payments . bondholders could have forced the business into bankruptcy immediately ; instead , they negotiated with posner , who wanted them to swap their subordinated debentures for a package of common shares and low - interest and zero - coupon notes .
after the war , mueller remained profitable , especially during the 1950s when earnings fluctuated between $ 2 . 50 and $ 5 . 50 per share , and sales averaged around $ 59 million . given positive economic conditions , president and ceo f . l . riggin decided to expand the company . in december 1951 he paid $ 1 . 25 million for valley metal products co . of plainwell , michigan . he bought , and later sold , sheet aluminum corporation , of jackson , mississippi , and in march 1958 , he acquired american sinteel corporation , a yonkers , new york , manufacturer of powder metal parts .
during the early 1960s , mueller continued to do well , adding a larger proportion of defense subcontracting to its mix of customers . at this time the company was producing rods , forgings , tubes , and castings made from aluminum , copper , brass , bronze , and other alloys . among the many semi - finished and fabricated items the company produced were powdered metal , screw machine parts , machined castings , forgings and impact extrusions , refrigeration valves and fittings , chromium - and nickel - plated fabricated items , electrotinned and hot - dipped fabricated items , and copper pipes , tubes , and fittings used in plumbing , heating , and air conditioning .
in the first half of 1997 , mueller established its first significant european beachhead through the acquisition of two copper tube manufacturers . in february the company spent $ 21 . 3 million for wednesday tube company , based in bilston , west midlands , england . then , three months later , a french firm , desnoyers s . a . , was acquired for $ 13 . 5 million . desnoyers operated two plants near paris , in laigneville and longueville , and during 1996 produced 60 million pounds of tube , resulting in net sales of $ 100 million . the laigneville mill was later shut down and its operations consolidated into those of the other two european plants .
during the late 1990s , as mueller continued to enjoy annual increases in revenues and profits , the company stepped up its growth efforts by completing a string of significant acquisitions . the first came in late december 1996 when precision tube company , inc . of north wales , pennsylvania , was purchased for $ 6 . 6 million . founded in 1948 , precision tube produced copper , copper alloy , and aluminum tubing and fabricated tubular products , with its main product line being copper tubing for the baseboard heating industry . these products were produced at the company ' s mill in north wales , while a second plant in salisbury , maryland , manufactured semirigid and flexible coaxial cables and assemblies used in the defense industry and in microwave technology . the company achieved sales of about $ 20 million in 1996 .
and compensation values are for the last fiscal year ending on that date . pay is salary , bonuses , etc . exercised is the value of options exercised during the fiscal year . currency in usd .
the pillar scores are audit : 2 ; board : 6 ; shareholder rights : 2 ; compensation : 6 .
scores indicate decile rank relative to index or region . a decile score of 1 indicates lower governance risk , while a 10 indicates higher governance risk .
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wholesale list pricing . please consult your sales representative for any pricing details and further information .
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note : product availability is real - time basis and adjusted continuously . the product will be reserved for you when you complete your order . more
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could do better in improving the skills of internal employees for upward mobility vs . looking to the outside .
the first part of the interview was done on campus . that one was great and was very easy to talk to the interviewer . if you make it past that stage they fly you out to memphis to their headquarters . there you do 5 30 minute interviews . but the night before the interviews you get to meet with the people that will be interviewing you over dinner and and drinks . it really gives you a chance to talk with them and get a relationship going . so the next morning durning those interviews , it ' s really laid back and a good conversations . there is only one guy that tries to stump you and make you feel superior to him . another guy says just about nothing and wants you to run the interview . something went drastically wrong after our interview process and i didn ' t hear back from them for a month . they say they should be in contact with you within that week or the week after . that didn ' t happen . so i took another job before i even heard back from them . also there was about 20 that go to memphis and they look to take about 6 .
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8285 tournament drive , suite 150 memphis , tennessee 38125 - 1743 u . s . a .
perhaps the company ' s most important innovation came in 1930 when the company introduced the revolutionary streamline solder - type fitting . previously , fittings - - which joined pieces of tube - - had been the weakest sections of pipes . the new solder - joined fittings , however , were actually stronger than the tubes they connected . it was because of this development that all - copper plumbing and heating systems were established as industry standards .
along with acquisitions , riggin upgraded existing facilities and built new ones . in 1954 he launched an eight - year program to expand and diversify the production of fabricated goods . in this effort , he placed particular emphasis on specially engineered , copper - based alloys . in addition , riggin opened an impact extrusion facility in marysville , michigan , in 1958 . the plant , which shaped aluminum and copper by forcing it through a die , adapted the inherent strength and minimal weight of extrusions to specialized needs of customers who ranged from aerospace manufacturers to home appliance suppliers .
finally in 1987 , quantum called in the $ 96 . 9 million in sharon securities it held and in april of that year , sharon filed for chapter 11 bankruptcy . over the next two years , quantum officials and sharon ' s other creditors worked to hammer out a plan to divide sharon ' s assets and help the company emerge from bankruptcy .
1997 : european beachhead is established through the purchases of u . k . firm wednesday tube company and french company desnoyers s . a .
2002 : company completes the divestment of its noncore natural resources assets by selling utah railway .
norman , james r . ,
pulling sharon steel off the scrap heap ,
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kindred healthcare incorporated is a healthcare services company that operates hospitals , nursing centers , and contract rehabilitation services across the united states .

kindred is the largest diversified post-acute healthcare provider in the u.s. kindred 's headquarters and support center are located in louisville , kentucky .

kindred is a fortune 500 company , ranked as # 376 in 2017 .

in 2014 , kindred ranked 4th among health care : medical facilities in fortune magazine 's list of most admired companies .

as of june 2017 , kindred healthcare has 102,000 employees in 46 states and 6 billion in annual revenue .

kindred healthcare

kindred announces definitive agreement to divest skilled nursing facility business | kindred healthcare inc .
kindred healthcare incorporated ( nyse : knd ) is a healthcare services company that through its subsid . . .
kindred healthcare , inc . todd flowers , 502 - 596 - 6569 investor relations
4576 - kindred hospital - rancho . what you want is kindred healthcare . materials management clerk ft kindred hospital rancho ( . . . .
4615 - kindred hospital - sycamore . what you want is kindred healthcare . administrative assistant ft days kindred hospital sycamore ( . . . .
explore other career opportunities on the kindred healthcare , nursing center and hospital divisions jobs page .
subscribe to email alerts for maintenance jobs at kindred healthcare , nursing center and hospital divisions .
kindred healthcare ( knd ) declares $ 0 . 12 quarterly dividend ; 4 . 3 % yield
kindred healthcare ( knd ) declares $ 0 . 12 quarterly dividend ; 5 . 3 % yield
to get more information on kindred healthcare inc ' s total segment . select each division with the arrow .
kindred healthcare inc . and kindred at home are among urltoken ' s top hiring companies in the first half of 2018 , according to a recent report from the hiring website . louisville - based kindred healthcare and its kindred at home division each are in the top 10 of that list — at no . 8 and no . 5 , respectively . kindred healthcare has not returned a request for comment .
as of mid - afternoon on friday , kindred healthcare ' s share were trading at $ 8 . 40 .
kindred healthcare , inc . susan e . moss , 502 - 596 - 7296 vice president , marketing and communications
promotes adherence to policies and practices of applicable professional organizations , client , kindred healthcare and rehabcare group . . . .
unitedhealth group is , by revenue , the largest healthcare company in the world . its subsidiaries , unitedhealthcare and optum , offer health insurance services and healthcare products .
kindred transitional care hospitals has a career opportunity for you as a registered nurse ! as a division of kindred healthcare , we play a vital role in the . . .
kindred healthcare our transitional care hospitals ( certified as long - term acute care hospitals and licensed as acute care hospitals . . .
kindred at home , a division of kindred healthcare inc . , is the nation’s leading provider of comprehensive home health , hospice , and non - medical home care . . .
louisville - based kindred healthcare inc . reported a second - quarter loss , as the company ' s share price continues to slip .
keep up with everything kindred by following us on social media . our social community provides valuable information you look for when making healthcare decisions .
kindred healthcare ( knd ) declares $ 0 . 12 quarterly dividend ; 6 . 1 % yield ; will discontinue quarterly cash dividend on common stock
the typical kindred healthcare director of quality management salary is $ 92 , 000 . director of quality management salaries at kindred healthcare can range from $ 90 , 000 - $ 100 , 438 . this estimate is based upon 3 kindred healthcare director of quality management salary report ( s ) provided by employees or estimated based upon statistical methods . when factoring in bonuses and additional compensation , a director of quality management at kindred healthcare can expect to make an average total pay of $ 110 , 000 . see all director of quality management salaries to learn how this stacks up in the market .
kindred healthcare , inc . ( knd ) is a healthcare services company that operates in four divisions : hospital , nursing center , rehabilitation , and home health and hospice . the company was founded in 1998 and is headquartered in louisville , kentucky .
kindred healthcare inc ( nyse : knd ) , a healthcare company based in united states , saw its share price hover around a small range of $ 8 . 85 to $ 9 . 45 over the last few weeks . butread more . . .
kindred healthcare inc . and its subsidiary rehabcare group inc . have agreed to pay $ 125 million to settle a whistleblower lawsuit on medicare therapy claim overbilling .
riding high on kindred healthcare acquisition and a recent rating affirmation , humana ' s ( hum ) shares reach a 52 - week high on july 6 .
vencor was given a new name , kindred healthcare when it emerged from bankruptcy . in a remarkable explanation this company accused of fraud and of neglecting vulnerable patients claimed the name kindred healthcare was selected to reflect the company ' s values - quality , compassion and integrity . this could only be credible in the marketplace !
what you want is kindred healthcare . aid , aide , assistant , assisted living facility , caretaker , caregiver , care giver , certified medical assistant , certified . . .
moody ' s investors service , (
moody ' s
) assigned ratings to kindred healthcare llc (
kindred llc
) , the borrower that will encompass the hospital and rehabilitation operations being carved out of kindred healthcare , inc . ( b2 direction uncertain ) . moody ' s assigned a corporate family rating ( cfr ) of b2 and a probability of default rating ( pdr ) of b2 - pd .
on 7 / 2 / 2018 , a consortium consisting of humana inc . , tpg capital , and welsh , carson , anderson & stowe completed the acquisition of kindred healthcare , inc .
kindred hospital rehabilitation services provides leading acute rehab services to kindred inpatient rehabilitation facilities and more than 100 locations in the u . s .
breier said that kindred at home and kindred rehabilitation services have grown to account for about two - thirds of the company ' s continuing revenue and that kindred at home accounts for half of the company ' s consolidated earnings .
materials management clerk kindred hospital havertown ( . 4510 - kindred hosp - philadelphia - havertown . requires a high school diploma or equivalent and at . . .
kindred healthcare , inc . , incorporated on march 27 , 1998 , is a healthcare services company . the company , through its subsidiaries , operates transitional care ( tc ) hospitals , a home health , hospice and community care business , inpatient rehabilitation hospitals ( irfs ) , a contract rehabilitation services business , nursing centers and assisted living facilities across the united states . the company operates through divisions : the kindred at home division , the hospital division , the kindred rehabilitation services division and the nursing center division . these divisions represent six segments : home health services , hospice services , hospitals , kindred hospital rehabilitation services , rehabcare and nursing centers . the home health services and hospice services operating segments are contained within the kindred at home division while the kindred hospital rehabilitation services and rehabcare operating segments are both contained within the kindred rehabilitation services division .
and rehab . evidently kindred was assigned to her there . when she was discharged
kindred at home now hiring - caregivers / pcas needed to work . . .
kindred hospital - greensboro is excited to offer this virtual tour of our building .
kindred hospital - denver is excited to offer this virtual tour of our building .
stacey hodgman is the district director of case management , kindred hospitals massachusetts district .
we understand that healthcare can often be confusing , particularly when decisions need to happen quickly . if you have questions about kindred , medicare , post - acute care or our services , call 1 . 866 . kindred and a registered nurse can walk you through care options and the locations that best fit your needs .
london , uk / accesswire / june 13 , 2018 / if you want a free stock review on evhc sign up now at urltoken under evaluation are brookdale senior living inc . ( nyse : bkd ) , envision healthcare corp . ( nyse : evhc ) , genesis healthcare inc . ( nyse : gen ) , and kindred healthcare inc . ( nyse : knd ) . shares in brentwood , tennessee headquartered brookdale senior living inc . rose slightly by 0 . 88 % , ending tuesday ' s trading session at $ 9 . 13 .
turned into a drooling zombie . the kindred nurse turned us in to dshs adult protective
kindred hospital - central tampa is excited to offer this virtual tour of our building .
guggenheim securities is acting as financial advisor to kindred . polsinelli pc is acting as legal advisor and cleary gottlieb steen & hamilton llp is acting as special counsel to kindred .
kindred rehabilitation hospital clear lake is excited to offer this virtual tour of our building .
ranked as one of fortune magazine ' s most admired healthcare companies for eight years , is the nation ' s largest provider of post - acute care .
while small - cap stocks , such as kindred healthcare inc ( nyse : knd ) with its market cap of us $ 818 . 15m , are popular for their explosive growth , investors should also be aware of their balance sheetread more . . .
with kindred , or anyone who will be a patient to do their homework very carefully .
my dad was under kindred for about two months . my concern is that i keep gett
“kindred has a great vacation benefit for full time employees . vacation time is frontloaded . ”
kindred healthcare is a healthcare services company , which operates a home health , hospice and community care business , transitional care hospitals , inpatient rehabilitation hospitals ( irfs ) , and a contract rehabilitation services business across the u . s . co . is organized into three operating divisions : the kindred at home , which provides home health , hospice , and community care services ; the hospital , which provides long - term acute care services ; and the kindred rehabilitation services , which operates irfs , manages hospital - based acute rehabilitation units and provides rehabilitation services , including physical and occupational therapies and speech pathology services .
kindred healthcare inc ( nyse : knd ) is a small - cap stock with a market capitalization of us $ 816 . 78m . while investors primarily focus on the growth potential and competitive landscape of the small - cap companies , theyread more . . .
sign up for free enewsletters and alerts to receive breaking news and in - depth coverage of healthcare events and trends , as they happen , right to your inbox .
at close on july 25 , kindred ' s share price was $ 11 . 20 . the next day , kindred healthcare ' s share price dropped 15 percent , and it has continued to decline since then . at close on aug . 3 , the price was down to $ 8 . 45 , down 24 . 5 percent from july 25 .
kindred healthcare seemed to do well after it emerged from bankruptcy but then was dragged down by the large number of lawsuits it was facing in florida and texas where there were no caps on damages . when its sold these operations its profits and share price rose .
during a conference call with analysts and shareholders , kindred healthcare ceo benjamin breier said second - quarter revenue for the company ' s kindred at home division — which is the nation ' s largest provider of in - home health , hospice care , and community care — rose 3 . 2 percent from a year earlier , to $ 644 . 5 million .
kindred hospitals provide aggressive , specialized interdisciplinary care to medically complex patients who require extended recovery time .
i am so happy with kindred . everyone that has come into my home has been very profession
kindred rehabilitation services ' revenue rose 2 . 2 percent , to $ 369 . 3 million .
) . ventas , which retained ownership of 36 facilities leased and operated by kindred , said in a statement tuesday that it is continuing to negotiate suitable terms for a sale to facilitate kindred’s exit .
kindred used the public comment period as an opportunity to specifically address ccm , promote the ideas contained within our blueprint for post - acute care reform , highlight kindred at home ' s home - based primary care program , and illustrate how cms ' ccm proposals align with kindred ' s strategic goals .
new york , june 27 , 2018 / prnewswire / - - heritage financial corp . ( nasd : hfwa ) will replace kindred healthcare inc . ( nyse : knd ) in the s & p smallcap 600 effective prior to the open of trading on monday , july . . .
danee , one of kindred’s nurses , came to my home to care for me . danee was outstandin
kindred hospital rehabilitation services is a trusted business partner for hundreds of health systems and their rehabilitation departments .
we also provide rehab therapy through our kindred at home division . in this setting , our caregivers :
we know choosing the right center for your healthcare needs can be complicated . we can help you and your family with any questions that may come up in your decision - making process .
what are care management’s best practices at this early stage in its existence ? this question was answered by william mills , md , chief medical officer for kindred at home and vice president of medical affairs for kindred’s new division of care management , during a break - out session at kindred’s fifth annual clinical impact symposium .
“kindred’s goal is to provide integrated , patient - centered and high - quality care across the post - acute continuum , ” said mr . breier . “as care management is a cornerstone to any successful patient - centered healthcare delivery system , jon will be instrumental in preparing kindred for future delivery and payment models and ensuring we are able to deliver on our promise of hope , healing and recovery . ”
these fraudulent and patient care practices are either identical to or very similar to the practices adopted by nme ( now tenet healthcare ) in the late 1980 ' s and early 1990 ' s .
our nation’s healthcare system is changing and with that comes uncertainty . we strive to provide our health care partners with relevant information and recent updates about the industry and our services here at concordia .
at kindred healthcare we know that the people we care for are more than the conditions they exhibit . each one is a person of individuality and dignity , and our dedication to their care is as strong as their commitment to their loved ones . we believe in caring for patients and honoring life .
accounting only for continuing operations , kindred healthcare posted core ebitdar — earnings before interest , taxes , depreciation , amortization and rent — of $ 198 million , or 19 cents per share , during the second quarter . this beat analysts ' estimates of 13 cents a share , according to yahoo finance .
meanwhile , kindred healthcare ' s share price continues to drop since the announcement last week of a reduction in medicare funding for home health agencies . on july 25 , the centers for medicare & medicaid services announced it planned to cut $ 1 . 3 billion for home health agencies by fiscal 2019 .
for an important clue into the future of senior care in the u . s . , watch kindred healthcare , a $ 5 billion company that operates in 47 states . as recently as 2010 , half of kindred’s business was generated by its skilled nursing facilities . this year , only one - fifth of its revenues will come from its nursing and rehab centers . in a major strategic shift , kindred is betting the company on in - home care , hospice , care management , and fully integrated care services .
sign up for the kindred spirit newsletter to receive healthy living tips and information on caring for loved ones .
the closing of the $ 4 . 1 billion acquisition of kindred healthcare inc . means that shareholders now can redeem their stake in the company for cash . kindred and its acquirers — louisville - based humana inc . ( nyse : hum ) and private - equity firms san francisco - based tpg capital and new york city - based welsh , carson , anderson & stowe — closed on the deal monday . the acquisition was announced in december 2017 and called for the companies to pay $ 9 a share , or $ 822 million , for kindred ' s stock and to assume kindred ' s roughly $ 3 billion of debt .
welcome to kindred rehabilitation services , the largest diversified provider of rehabilitation therapy in the country . we know the importance of rehabilitation . we’ve been managing rehab for more than 30 years through our rehabcare and kindred hospital rehabilitation services .
after reporting a third - quarter loss , kindred healthcare reiterated its plan to keep growing its home healthcare and rehabilitation - care services while scaling back its skilled - nursing division . executives of the louisville - based post - acute provider once again laid out its strategy during a conference call on wednesday to discuss the company ' s third - quarter earnings . the company saw a net loss during the last quarter of $ 106 million compared with a gain of $ 7 . 5 million in the same period last year .
louisville , ky . - - ( business wire ) - - aug . 1 , 2013 - - kindred healthcare , inc . ( “kindred” or the “company” ) ( nyse : knd ) is excited to announce the creation of a new care management division to improve care transitions and patient outcomes by further developing capabilities to deliver integrated care across various care settings . the company has appointed jon b . rousseau as the president of this division .
kindred healthcare’s massachusetts district has recently been charged with conducting a pilot project to improve transitions of care throughout the continuum . “the project is called better together , ” says stacey hodgman , ms , rn - bc , cpum , ccds , district director of case management , kindred hospitals massachusetts district . “our goals are to improve care coordination and patient outcomes and to become the post - acute leader and partner of choice in the market . ”
breier said that following the exit , kindred will shift its business focus to kindred at home , the nation’s largest home health , hospice and community care provider , which will account for about half of the company’s earnings . kindred’s long - term acute care hospital division and its rehabilitation services facilities divisions will each account for roughly 25 % of earnings .
moody ' s investors service , (
moody ' s
) assigned ratings to gentiva health services , inc . , the borrower that will encompass the home health and hospice operations ( kindred at home , or kah ) being carved out of kindred healthcare inc . ( b2 direction uncertain ) . moody ' s assigned a corporate family rating ( cfr ) of b2 and a probability of default rating ( pdr ) of b2 - pd .
a partial report preview for kindred healthcare , inc . is shown below . where indicated by
yes ,
creditriskmonitor contains this information in its extensive database . to get access to the full report and learn more about creditriskmonitor ' s robust financial risk analysis and timely news service , request a personalized demo and free trial today .
ethical members of the medical profession are a constant threat to corporate healthcare ambitions . almost all of the companies charged with fraud are accused of paying sweeteners of one sort or another to doctors . vencor also did so .
1 . 866 . kindred – a registered nurse can walk you through care options and locations that best fit your needs .
net value to kindred will approximate $ 210 million following previously announced $ 700 million real estate purchase from ventas , inc .
sign up for kindred rehab advantage newsletter to receive up - to - date news and notes on rehabilitation and patient care .
it is important to know the steps you may have to make to support a loved one ' s healthcare both financially and legally . these six steps can help you set a strong foundation for important decisions your family may face .
for more information or a referral , please call 1 . 866 . kindred ( 1 . 866 . 546 . 3733 ) .
al and caring . i actually look forward to seeing them each day . i feel very lucky to have had kindred come in
rehabcare is a leader and premier provider of physical , occupational and speech - language rehabilitation services with services in 47 states . as a part of kindred rehabilitation services , a division of kindred healthcare , rehabcare provides contract therapy services across multiple settings including skilled nursing facilities ( snfs ) , assisted living facilities ( alfs ) , independent living facilities ( ilfs ) , continuing care retirement communities ( ccrcs ) and outpatient facilities . we are committed to lasting , collaborative partnerships that put each and every patient first .
kindred’s care management division will develop programs that will enable kindred and its partners to better manage episodes of care , create more seamless transitions between care settings and improve patient satisfaction , thereby reducing lengths of stay and rehospitalizations at a lower cost to medicare and other payors .
as division president , mr . rousseau will partner with key constituents throughout kindred to further advance the company’s integrated care efforts and help to further develop our capabilities to deliver cost - effective care management and superior patient care outcomes across kindred’s continuum of post - acute services . mr . rousseau will serve on the company’s executive committee and will report to benjamin a . breier , kindred’s president and chief operating officer .
tion center has been one of the best places we could have ever asked for , they really have gave us a miracle and gave us back my dad that kindred wanted to do nothing to do with it help . this was at the kindred in the highlands of louisville
staffing coordinator kindred hospital rahway ( . you will serve as a liaison between the nursing office , and other hospital departments . . . .
we sat down with kindred caregivers from across the country to talk about what it’s really like to take care of and help people every day .
t for her dr . . her dr . found she was in excellent health . the kindred nurse decided i was not giving her her medication
keep with everything kindred by following us on social media . we keep our content up to date on various platforms so you can stay informed .
similarly , kindred has redesigned much of its rehabilitation service , shifting its business model to provide contract services to 1800 unaffiliated hospitals and nursing homes .
at kindred , we offer a variety of specialized care options so you get the right care , at the right place , at the right time .
rehabcare is the nation ' s largest skilled therapy provider , contracting with more than 1 , 000 facilities in 44 states . kindred purchased rehabcare in 2011 .
gentiva health services , inc . ( new ) - - moody ' s assigns b2 cfr to gentiva health services ( kindred at home ) ; outlook stable
benjamin a . breier , president and chief executive officer of kindred , commented , “today’s announcement is a historic milestone for all of kindred’s stakeholders . exiting the skilled nursing facility business , in its entirety , has been a long - stated goal of our enterprise . after more than two decades of nursing center operations , this announcement clears the way to closing that chapter of kindred’s story , and turning the page to the future of integrated post - acute care . ”
we are taking proactive strategic steps to position kindred for long - term success against the backdrop of dynamic changes in the health care services industry ,
stated benjamin a . breier , kindred president and ceo .
our plan to exit the skilled nursing facility business , together with the significant cost realignment initiative we are undertaking in connection with the exit , are substantial steps forward in our continuing effort to transform kindred’s strategy and growth profile to enhance shareholder value .
kindred rewarded ben breier and other executives based on the company ' s earnings , its shareholder returns and proceeds from the company ' s skilled - nursing division .
the dividendrank formula at dividend channel ranks a coverage universe of thousands of dividend stocks , according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive . kindred healthcare inc ( nyse : knd ) presently has an above average rank , in the top 50 % of the coverage universe , which suggests it is among the top most
interesting
ideas that merit further research by investors .
louisville , ky . - - ( business wire ) - - jun . 30 , 2017 - - kindred healthcare , inc . ( “kindred” or the “company” ) ( nyse : knd ) today announced that it has signed a definitive agreement with bm eagle holdings , llc , a joint venture led by affiliates of bluemountain capital management , llc ( “bluemountain” ) , under which it will sell the company’s skilled nursing facility business for $ 700 million in cash . the sale includes 89 nursing centers with 11 , 308 licensed beds and seven assisted living facilities with 380 licensed beds , which collectively have approximately 11 , 500 employees in 18 states . as detailed below , kindred expects that the combination of the cash proceeds , anticipated working capital liquidation , tax benefits , retained assets and other items will result in approximate total value to kindred of $ 910 million after deducting estimated transaction and severance costs . these results are consistent with the company’s previously announced expectations .
rehabcare denied engaging in any illegal activity , but chose to settle “in order to provide clarity” for customers , shareholders and government entities , according to a kindred statement .
hillhaven and its cultural baggage : - hillhaven was one of the oldest and most established nursing home chains . it was once owned by the notorious national medical enterprises - nme ( now the scandal ridden tenet healthcare ) . it was spun off as a separate company under the same directors and then spawned the founders of sun healthcare and horizon . nme ' s business culture can be seen in each of these groups . hillhaven ' s own conduct is reflected in a review of the care it provided . this was published in the usa some years ago under the title
hillhaven , unsafe haven
.
mr . breier added , “the exit and sale of our nursing center operations significantly enhances shareholder value , shifts attention to our higher margin and faster growing businesses , and advances our efforts to transform kindred’s strategy . upon completion of this transaction , we believe kindred’s capital structure , leverage profile and operating performance will all be markedly improved . ”
here ' s what humana ' s ceo , bruce broussard , said about how kindred at home will fit into its plans to integrate health care care for its members .
find your future with kindred , the country’s largest provider of post - acute care . your career growth begins when you join our interdisciplinary team of doctors , nurses , therapists and other experts , working together to form individualized care plans for our patients and residents . input isn’t just encouraged , it’s expected . opportunities through our development programs , training seminars and university partnerships not only allow for continual career growth , but emphasize our commitment to investing in our employees and developing future healthcare leaders .
but making kindred healthcare inc an even more interesting and timely stock to look at , is the fact that in trading on wednesday , shares of knd entered into oversold territory , changing hands as low as $ 13 . 57 per share . we define oversold territory using the relative strength index , or rsi , which is a technical analysis indicator used to measure momentum on a scale of zero to 100 . a stock is considered to be oversold if the rsi reading falls below 30 .
services were just here and observed my mother , they could see she has been getting excellent care and left . i will never let kindred near myself or my family again .
in the past couple of years , kindred has jettisoned or announced plans to ditch more than 130 nursing facilities and three dozen hospitals . at the same time , it now provides home care and hospice services at 159 locations in 13 states . late last year , kindred bought senior home care , which operated home - based services in florida and louisiana .
when you are recovering from an injury or illness , you may need continued care before you can get back to your normal routine . our expertise is unique because we offer a nationwide network of healthcare experts who have a proven track record of quality outcomes in cases similar to what you or your loved one may be facing .
at kindred , we provide care in settings from hospitals to even your own home . all so you get the right care , at the right place , at the right time .
grimaces when they see humana on a patient’s chart , and can see this is a recipe for disaster for both kindred staff and the patients they are supposed to be caring for .
she was like zombie and had an open sore on her anus . kindred came to our home for continued care . my mother threw up about three times and i made an appointmen
the transaction is subject to customary conditions to closing , including the receipt of all licensure , regulatory and other approvals . kindred expects that the closings for the transaction will occur in phases as regulatory and other approvals are received . kindred expects that the initial closing will occur in the third quarter of 2017 and that all of the closings will be completed by year end .
he also said kindred plans open as many as eight joint venture joint - venture in - patient rehabilitation facilities in the next two years : three to five 2018 and three in 2019 .
as previously disclosed , 36 of the skilled nursing facilities ( the “ventas properties” ) are currently leased from ventas , inc . ( “ ventas” ) ( nyse : vtr ) , and kindred has an option to acquire the real estate of the ventas properties for aggregate consideration of $ 700 million . as kindred closes on the sale of the ventas properties to bluemountain , kindred will pay to ventas the allocable portion of the $ 700 million purchase price for the ventas properties and ventas will convey the real estate for the applicable ventas property to bluemountain or its designee .
at kindred , our mission is to promote healing , provide hope , preserve dignity and produce value for each patient , resident , family member , customer , employee and shareholder we serve . we believe everyone deserves to be treated with dignity and respect , and that maintaining the highest standard of care and the best working environment requires the dedicated effort of everyone on the kindred team .
a process called discharge planning begins immediately upon admission to any hospital to ensure you are in the appropriate care setting for your medical needs . your care coordinator may have suggested kindred hospitals because :
but the key to kindred’s future lies in its new care management division , which provides home health , hospice , and private duty services under the brand “kindred at home . ” revenues for this division grew from just $ 60 million in 2011 to $ 225 million in 2013 . that’s still only about 5 percent of the firm’s revenue , but it has much bigger plans for this unit .
in the case of kindred healthcare inc , the rsi reading has hit 29 . 7 — by comparison , the universe of dividend stocks covered by dividend channel currently has an average rsi of 57 . 9 . a falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield . indeed , knd ' s recent annualized dividend of 0 . 48 / share ( currently paid in quarterly installments ) works out to an annual yield of 3 . 40 % based upon the recent $ 14 . 14 share price .
kindred hospital - greensboro is a 101 - bed hospital treating chronically , critically ill patients who require an extended stay in a hospital setting with individualized care plans . we offer a 6 - bed icu and seven negative pressure rooms . we are proud to say that from january to december of 2015 , 92 . 38 % of our patients and families said that they were highly likely to recommend kindred .
the goal of the care management division is to focus on the unique medical and rehabilitative needs of every patient and resident we serve – and to deliver on kindred’s mission of hope , healing and recovery .
kindred southwest has a great pulmonary rehab program . i was a bit skeptical about if this program would be of any benefit to me at first . having just completed this program i was so pleased what i
i have been having in home infusions for 8 years , different companies along the way . kindred took over last company and have refused to allow my nurse who i have known since 2009 to continue being my
vencor was at the centre of events and was the first of the giant nursing home chains to tumble . it is representative of industry wide financial mismanagement , understaffing , patient neglect and fraud . its conduct is revealing of both corporate and political behaviour . i could equally have presented integrated health systems , beverly , sun healthcare or mariner in this way and drawn the same or similar lessons .
when i first walked into kindred i felt a sense of healing . i am very fortunate to have come to a world - class facility with world - class staff . i love how everyone here makes you feel like family .
when i was in kindred southwest fort worth i had the best of care . the doctors were great and the nurses did a great job . i would recommend them over any hospital around waco . they saved my life when ba
the decision was announced as part of the firm ' s third - quarter 2016 earnings in which the company posted a $ 671 million loss . kindred shares had declined by more than 30 % at mid - day on tuesday .
doctors told jayson that his wife of more than 20 years had days left to live after contracting pneumonia . they never gave up hope and with help from the amazing team at kindred , diana was able to get her life back .
kindred is the largest diversified provider of post - acute care services in the united states , with more than 88 , 000 employees dedicated to providing the highest quality care to patients and residents in approximately 2 , 540 locations across 45 states .
in addition to settling with rehabcare and kindred , settlements totaling $ 8 . 23 million were reached with four skilled nursing providers who contracted with rehabcare . halpin and fahey will receive a $ 24 million share of the recovery for their whistleblower roles .
ylor scott and white hillcrest said i was dieing with no chance at all to live . the fact is the big hospitals just want your money they could care less if you live or die . at kindred southwest in fort worth they did everything
kindred rehabilitation services is the largest diversified provider of rehabilitation therapy in the country . we provide leading therapy services to more than 1 , 000 sites of service across different settings in the care continuum and have been managing rehab for more than 30 years .
we want to help you get back to doing what you love most . when you receive care at any of our kindred locations , we will begin planning for your next step of care as soon as you are admitted and each step of the way .
kindred , which has already pared the number of skilled - nursing facilities in its operations portfolio from more than 300 to 91 over the last few years , this week announced it plans to eliminate operations of the remaining facilities and exit the skilled nursing facilities market .
long - term acute care hospitals , such as kindred transitional care hospitals , offer special care for people with unique medical needs , so we often get questions from families about our care . read explanatiosn to 5 of the most common frequently asked questions we receive .
these moves fit into a broader kindred strategy that it has branded as “continue the care . ” the idea : in selected markets where it can build scale , the firm will provide the full continuum of care from in - patient hospitalization to post - acute and rehab services to home care and , at the end of life , hospice . in those markets , kindred may retain nursing facilities , though its focus will increasingly be on home care . where it cannot be a dominant market player , it will abandon bricks - and - mortar .
in an aggressive effort to expand its homecare business , earlier this month kindred moved to buy gentiva health services for $ 1 . 6 billion . gentiva , which is fighting the takeover , is a $ 2 billion home care provider with 47 , 000 employees in 40 states .
recovery from an injury , illness or short - term hospital stay may require continued care . because where you receive your care matters , we at kindred offer this guide to different places that fit your specific needs — all with the goal of helping you recover as quickly as possible .
at kindred , we provide care and support in the most appropriate care setting for those recovering from illness or injury . whether you’re receiving care in our hospital , one of our rehab facilities , or even at home , we’re here to ensure you recover to the fullest extent possible .
we must distinguish ourselves on the quality of care we provide , the function we restore or maintain , the compassion we show our patients and each other , and the physicians we work with and support . kindred must provide service and a patient experience that is second - to - none .
the care management division will include kindred at home , and be responsible for expanding the business , as well as leveraging the company’s homecare , hospice and palliative care offerings as we develop and support care models , including medical homes and accountable care organizations that meet consumer preference and support integrated care delivery .
kindred hospital rehabilitation services ( khrs ) works with more than 150 hospital - based programs nationwide to help them bring greater success and better patient outcomes to their acute rehabilitation settings . we see over 45 , 000 patients per year and we are the largest contract manager of hospital - based acute rehabilitation programs in the country .
after a loss from discontinued operations , kindred ( nyse : knd ) had a final loss for the quarter of $ 409 million , or $ 4 . 68 per share . last year , a gain from discontinued operations brought final net income to $ 24 million , or 27 cents per share , according to a news release .
stephen d . farber , executive vice president and chief financial officer of kindred , remarked , “we expect exiting the skilled nursing facility business will increase kindred’s annual cash flow by approximately $ 20 million to $ 30 million , as we reduce our annual rent obligations by approximately $ 88 million , reduce our annual capital expenditures by approximately $ 30 million , eliminate approximately $ 18 million of annual cash disbursements related to noncontrolling interests , and eliminate $ 70 million to $ 80 million of skilled nursing facility overhead following completion of the transaction . these overhead savings are included as part of the company’s previously announced $ 70 million to $ 100 million enterprise - wide overhead restructuring initiative . ”
whether kindred’s acquisition of gentiva succeeds or not , the firm’s strategy is clear . at an investor conference this spring , ceo paul diaz said his aim is to provide “services consumers want and payers will be willing to pay for . ” and that is not in - patient care in hospitals or nursing facilities . and it is certainly not long - stay nursing homes .
kindred rehabilitation hospital clear lake specializes in physical medicine and rehabilitation . our team of rehabilitation experts develops an individualized treatment plan for each patient and their family to maximize recovery and return to home . we have daily coverage and access to emergency care , specialty physicians , imaging , lab , surgery services to take care of any medical situation which may arise in the course of recovery .
speaking of the deal to sell the company ' s skilled - nursing business for $ 700 million . breier said kindred plans to eliminate $ 88 million in overhead by the end of the year as a result of the sale . the company could eliminate another $ 12 million in over head — bringing the total to $ 100 million — with the sale of closure of other facilities .
in many ways , kindred is following the bigger - is - better trend that is consuming the health care industry . with reimbursements shrinking , scale is all - important . it enhances purchasing power , making it cheaper to do everything from borrowing money to buying bedpans . and it will give organizations better negotiating clout as they seek partners in new financial models such as bundled payments or accountable care organizations .
once the project has been designed , evaluated and determined to be successful , kindred plans to implement a collaborative post - acute continuum on a national level . “health care is so fragmented right now , ” says hodgman . “we see the sickest of the sick . it’s vital that we improve communication during transitions of care so that patients can achieve optimal health and health care providers can improve resource utilization . ”
kindred hospital - central tampa is a 102 - bed hospital offering the same in - depth care you would receive in a traditional hospital , but for an extended recovery period ; featuring five negative pressure rooms . we partner with your physician and offer 24 - hour clinical care seven days a week so you can start your journey to wellness . we are located in north central tampa about five miles outside downtown .
this represents an opportunity to continue our de - emphasis of the skilled nursing business that began with our successful spin - off of most of our snf business in 2015 ,
said ventas chairman and ceo debra a . cafaro .
because of the strong relationship between ventas and kindred , and the track record of working together , we are confident we will find a mutually beneficial agreement that benefits both companies .
the kindred massachusetts district has four lines of business : 1 ) long - term acute care hospitals ; 2 ) skilled nursing facilities ; 3 ) peoplefirst home care ; and 4 ) peoplefirst hospice care . “we’re looking to align our clinical programs across the continuum utilizing best practices through evidence - based clinical pathways so we can safely transition patients to the next level of care and ensure the best possible outcomes , ” hodgman says .
kindred hospital melbourne is a 60 - bed freestanding hospital offering the same in depth care you would receive in a traditional hospital , but for an extended recovery period . we partner with your physician and offer 24 - hour clinical care seven days a week so you can start your journey to wellness . located off of nasa boulevard on the outskirts of downtown melbourne , we are less than two miles from the shores of the indian river and plenty of shops and restaurants .
the new division will grow kindred’s home health and hospice business , test new delivery and payment models and develop capabilities to support the company’s integrated care markets and “continue the care” strategy . these capabilities include ( i ) physician coverage across sites of service , ( ii ) care managers to smooth care transitions , ( iii ) information sharing and it connectivity , ( iv ) tools to ensure appropriate patient placement and ( v ) condition - specific clinical programs and outcome measures .
kindred’s strategy is being driven in large part by government payment policy . in many states , medicaid reimbursement for long - stay nursing home patients remains below the cost of providing care . for years , those low payments were more than offset by generous compensation from medicare for post - acute and rehab services ( typically , a state pays about $ 125 - a - day for a medicaid long - stay bed while medicare pays $ 500 - $ 600 for rehab ) .
as part of the process government accepted a us $ 219 million payment to settle the various whistle blower , fraud , patient care and other charges . in the subsequent rhetoric there was no mention of the us $ 1 . 3 billion previously claimed . kindred also entered into an
integrity agreement
relating to patient care . despite this the company ' s facilities are still being cited for substandard care and it is still in violent conflict with the nurses over conditions of employment .
“our dedicated clinical teams provide coordinated care throughout an entire post - acute episode – from hospital to home – and we believe jon will expand our care management capabilities and pursue the innovations that will help shape the future of post - acute care , ” said paul j . diaz , kindred’s chief executive officer . “this new role highlights our commitment to provide superior clinical outcomes , transition patients home more quickly and safely and lower costs by reducing lengths of stay and reducing unnecessary rehospitalizations . ”
kindred ' s home - based primary care ( hbpc ) program plans to use the ccm payment to operationalize regular comprehensive care plan meetings , driven by each patient ' s goals of care , their specific medical conditions , and their needs . development of a formal plan of care for each patient will be a centerpiece of this effort . to date , our hbpc program has reduced hospitalizations by approximately 67 percent , 30 - day all cause readmissions to 7 percent , and enables 85 percent of our terminally ill patients to die at home .
kindred hospital - denver is an all - private room 68 - bed transitional care hospital located on one of denver’s important medical campuses , just east of st . joseph’s hospital and presbyterian st . luke’s medical center . we offer the same in depth care you would receive in a traditional hospital , but for an extended recovery period . we partner with your physician and offer 24 - hour clinical care seven days a week so you can start your journey to wellness . our care has touched individuals from the front range , the western slopes of colorado , and throughout the country .
mr . breier concluded , “we believe that bluemountain and the associated new operators will be strong partners in providing leadership for these buildings going forward . we are proud to report that since announcing our divestiture plans , our nursing center division has maintained high standards of care and patient satisfaction , while delivering stable operating results . on behalf of the kindred board of directors and management team , i thank all of our caregivers for their hard work and dedication to our patients , residents and their families throughout this process . we appreciate their continued commitment as we execute a smooth transition . ”
kindred expects to realize net value of approximately $ 210 million , subject to post - closing adjustments , and after the $ 700 million payment to ventas , estimated transaction costs of approximately $ 35 million and estimated severance costs of approximately $ 35 million . this amount includes approximately $ 80 million in retained net working capital , the majority of which will be liquidated over late 2017 and early 2018 , approximately $ 140 million ( 1 ) of cash tax benefit over time from the creation of an approximately $ 380 million net operating loss carryforward associated with the sale transaction , and approximately $ 60 million of value associated with the retained las vegas facility , hospital - based sub - acute units and other retained assets .
prior to joining kindred , mr . rousseau was vice president of global marketing and vice president of north america marketing for mylan inc . ( nasdaq : myl ) , a publicly traded specialty pharmaceutical company focused on the development , manufacturing and marketing of prescription drug products . he led commercial , development and strategy initiatives in multiple senior leadership roles and co - led the mylan specialty business in selling specialty prescription drug products to office - based physicians , hospitals , consumers , pharmacies and payors . previously , he worked for medtronic , inc . ( nyse : mdt ) , the world’s leading medical device maker , where he was global senior director for the continuous glucose monitoring franchise , led business development activities for a large division and worked on key strategy processes across the company . mr . rousseau earned a bachelor’s degree in economics from princeton university and an mba from harvard business school .
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