LOUISVILLE, Ky.--(BUSINESS WIRE)--
Kindred Healthcare, Inc. ("Kindred" or the "Company") (NYSE:KND) today
announced the appointment of Stephen D. Farber as Executive Vice
President, Chief Financial Officer, effective February 3, 2014. Mr.
Farber will be a member of the Company's Executive Committee.
Mr. Farber succeeds Richard A. Lechleiter, whose previously announced
retirement from the Company was effective January 15, 2014.
Mr. Farber has more than 20 years of healthcare experience, including
serving as Chief Financial Officer for Tenet Healthcare Corp.
(NYSE:THC), at the time the nation's second-largest hospital operator
with $15 billion in revenues. He has extensive expertise in mergers and
acquisitions and has successfully helped grow and restructure health
companies. Most recently Mr. Farber led the successful financial
restructuring of Rural Metro, the nation's second-largest ambulance and
fire service operator, and has been involved in various private equity
efforts, including as a healthcare executive-in-residence with Warburg
Pincus, a $40 billion global investment firm. Mr. Farber was founder and
Chief Executive Officer of Connance, Inc., a predictive analytics
company that enables healthcare providers to transform their financial
performance. Mr. Farber began his career as an investment banker with
J.P. Morgan and Donaldson, Lufkin & Jenrette, where he focused on
healthcare mergers and acquisitions and leveraged finance.
"Stephen's background in healthcare and financial sectors and his
personal qualities make him an ideal CFO as we move the Company forward
for the benefit of our patients, customers, employees and shareholders,"
said Paul J. Diaz, Kindred's Chief Executive Officer. "Stephen's broad
experience, intelligence, work ethic and collaborative team oriented
approach will be a significant benefit to the Company."
"Having worked in a variety of healthcare settings, in both private and
public sectors, Stephen brings a depth of knowledge that will serve us
and our shareholders well," said Benjamin A. Breier, Kindred's President
and Chief Operating Officer. "We look forward to having Stephen join our
leadership team and helping us continue our mission of providing quality
About Kindred Healthcare
Kindred Healthcare, Inc., a top-150 private employer in the United
States, is a FORTUNE 500 healthcare services company based in
Louisville, Kentucky with annual revenues of approximately $5 billion
and approximately 62,000 employees in 46 states. At September 30, 2013,
Kindred through its subsidiaries provided healthcare services in 2,146
locations, including 102 transitional care hospitals, five inpatient
rehabilitation hospitals, 102 nursing centers, 21 sub-acute units, 105
Kindred at Home hospice, home health and non-medical home care
locations, 99 inpatient rehabilitation units (hospital-based) and a
contract rehabilitation services business, RehabCare, which served 1,712
non-affiliated facilities. Ranked as one of Fortune magazine's Most
Admired Healthcare Companies for five years in a row, Kindred's mission
is to promote healing, provide hope, preserve dignity and produce value
for each patient, resident, family member, customer, employee and
shareholder we serve. For more information, go to www.kindredhealthcare.com.
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Source: Kindred Healthcare, Inc.