Kindred Healthcare CEO to Resign Following Acquisition
Kindred Healthcare CEO Benjamin Breuer will step down after the company is acquired by LifePoint Health, a commercial emergency care provider announced Monday.
LifePoint Health, a Brentwood, Tennessee-based system that operates 87 hospitals, signed a definitive agreement in June to acquire Kindred Healthcare in Louisville, Kentucky, which has 62 long-term care hospitals, 25 inpatient rehab centers and more than 100 emergency rehabilitation centers. institutions and two mental health centers. The deal is expected to close in the fourth quarter pending regulatory approval.
“I have been honored to lead the Kindred and dedicated team members at the company,” Breuer said in a press release. “Together, we have transformed Kindred into a leading specialist hospital company in the country with a reputation for providing friendly, quality care that improves patient outcomes.”
Breuer joined Kindred Healthcare in 2005 as President of Rehabilitation and became President of the Hospital segment in 2008, COO in 2010 and CEO in 2015.
Throughout his many years in a leadership role, Brier oversaw significant business changes, including bringing a group of buyers to take the company privately three years ago, retiring from the nursing home market in 2017, and expanding into rehab services. In addition, in 2018, Humana insurance company and two private equity firms split and acquired Kindred’s long-term and home-based care units.
Lisa Gillespie contributed to this story.