Kindred Healthcare, Inc. (the "Company") (NYSE:KND) today announced the opening of the newly constructed and expanded Kindred Hospital Sacramento in Folsom, California, and the expansion of its Peoplefirst HomeCare and Hospice business in Boston, Massachusetts, and Denver, Colorado.
“We are excited that we continue to find opportunities to expand the continuum of post-acute care services we offer in our key markets and invest capital wisely for our shareholders”
Sacramento, California
Kindred Hospital Sacramento is a 39-bed freestanding long-term acute care ("LTAC") hospital with the capacity to expand to 58 beds after the moratorium on LTAC hospital development expires in 2012. The hospital is located in Folsom, which is 25 miles northeast of downtown Sacramento. The newly constructed hospital replaced the existing Kindred Hospital Sacramento facility that also had 39 licensed beds. The new hospital has 14 private rooms, including six intensive care unit beds, and two state-of-the-art operating rooms. The hospital recently successfully moved patients from the old hospital to the new location and has a current census of 37 patients.
In addition to Kindred Hospital Sacramento, the Company currently operates Siena Care Center in the Sacramento market. Siena Care Center, located in Auburn, is a 107-bed Transitional Care Center specializing in intensive short-term rehabilitation therapy. Siena Care Center received a Bronze Quality Award from the American Health Care Association in 2008.
Peoplefirst HomeCare and Hospice
The Company also announced that Peoplefirst HomeCare and Hospice has opened a new Hospice location in the Boston area, which began serving patients in June. In Denver, Peoplefirst also has received its license for home healthcare and is the first Kindred market to offer both hospice and home healthcare services.
Peoplefirst HomeCare and Hospice serves five markets - Boston; Denver; Columbus, Ohio; Dayton, Ohio; and Indianapolis, Indiana.
Management Commentary
"We are excited that we continue to find opportunities to expand the continuum of post-acute care services we offer in our key markets and invest capital wisely for our shareholders," said Paul J. Diaz, President and Chief Executive Officer of the Company. "The investment we've made in Sacramento reflects our continued commitment to improving and expanding our long-term acute care hospital services in this growing market. We are also pleased that we continue to find opportunities to expand our HomeCare and Hospice businesses through de novo development and acquisitions in other Cluster Markets like Boston and Denver."
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