Near the end of a year that has already seen Kindred Healthcare, Inc. (NYSE: KND) exit the skilled nursing industry, the health care giant is still making headlines.
Insurance provider Humana, Inc. (NYSE: HUM) is reportedly closing in on a deal to buy Kindred in conjunction with a pair of private equity firms, according to sources who spoke to the Wall Street Journal. With the Louisville, Ky.-based Kindred aiming to be completely out of the skilled nursing game by the end of 2017, the rumored deal wouldn’t have a direct impact on the SNF industry, but it would represent a major shake-up in the overall long-term care space.
Check out the full story on our sister website, Home Health Care News.
Written by Alex Spanko