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Strange Tony
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Money Changers: The Humana-WCAS Connection
Strange Tony, Two of our hospice's new owners, Humana and Welsh, Carson, Anderson and Stowe (WCAS), are longtime bedfellows.  Their planned buyout of Kindred is not their first deal.   Current Humana CEO Bruce Broussard worked for U.S. Oncology when it was ...
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Massive Change Looms for Kindred
Strange Tony, Kindred Healthcare's sellout to Humana and two financial rapscallions looked traumatic enough for dedicated employees.  The deal involved splitting Kindred, a company cobbled together in early 2015.  It also drove a knife through Kindred's str...
Massive Change Looms for Kindred
Massive Change Looms for Kindred
generichospice.blogspot.com
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Humana CEO's $5 Million Stock Sale
Strange Tony, Business news reported Humana CEO Bruce Broussard sold $5 million in stock on May 3, 2018.  His $5 million in proceeds exceeds the amount Kindred spent last year company wide on retirement benefits by $600,000.  At least one employee will be a...
Humana CEO's $5 Million Stock Sale
Humana CEO's $5 Million Stock Sale
generichospice.blogspot.com
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Loyal Employee Stockholders Shafted
Kindred gave Gentiva shareholders a combination of cash and KND stock, which was valued at $18.46 on 1-30-15.  Just over three years later Kindred executives crafted a deal selling the company for $9 per share.  Gentiva had an employee stock purchase plan. ...
Loyal Employee Stockholders Shafted
Loyal Employee Stockholders Shafted
generichospice.blogspot.com
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Four Years Ago Curo's Owner Rumored as White Knight
Strange Tony, As Kindred pursued a reluctant Gentiva in summer 2014 several private equity firms got mention as possible white knights.  GTCR, then owner of Curo Health, and Cressey and Co. were two potential saviors for Gentiva.  Neither white knight showe...
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Causby Gets Bonus for Growing Employee Turnover
Strange Tony, A company with a core value "take care of our people" would view employee turnover as something to reduce or eliminate.  Not Kindred at Home where executives are rewarded for the opposite, increasing turnover.  Kindred's Board Compensation Com...
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Kindred Jettisons Performance Pay to Handsomely Enrich Executives
Strange Tony, Kindred CEO Ben Breier made over $11.6 million for his work in 2017.  His executive pay is up over 100% in two short years.  Over this period Kindred lost $16.74 per share.  Breier's greatest pay check came the year the company lost the most m...
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Retirement Benefit Withered in Run Up to Sellout
StrangeTony, It's good you retired when you could afford to do so.  I'm sure Generic Hospice misses you.  We've been under Kindred for three long years and the retirement benefit decreased every year.   I was excited at first with Kindred's core value, "Tak...
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Kindred Employees Prepare
Strange Tony, In prior sellouts senior leaders took their newfound fortunes and ran.  Not so with this deal.  Employees are stuck with executives who sneered at wage increases over the eighteen month shop period and the eight months needed to close the deal...
Kindred Employees Prepare
Kindred Employees Prepare
generichospice.blogspot.com
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Shareholders Fail to Deliver Ringing Executive Endorsement
Strange Tony, Kindred shareholders voted to sell the company to an investor consortium comprised of two private equity firms, Humana and a Canadian pension fund.  Of Kindred's 91 million shares over 54 million or 60% received yes votes.  The other 40% were ...
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