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MIDWEST
Under that deal, TPG and Welsh took
Iowa hospital experiencing
over Kindred’s long-term care hospitals
baby boom
and inpatient rehab facilities and all
UnityPoint Health-Allen Hospital
three buyers now operate Kindred’s
in Waterloo, Iowa, reported
hospice, home health and community-
care businesses under the Kindred at
delivering 142 babies in May,
smashing the hospital’s old record
Home title.
of 121 babies set in September 2017,
WEST
according to the Waterloo-Cedar
Intermountain Healthcare
Falls Courier.
The record is especially surprising
names new CIO
because the spring isn’t usually a busy
Ryan Smith, a former senior vice
times for babies at the hospital. Last SOUTH & Stowe acquired Kindred in July 2018.
year, 86 births were recorded in May. Kindred to buy two behavioral president at data warehousing and
The births came as the hospital health hospitals in Texas analytics company Health Catalyst, is
already was dealing with coronavirus joining Intermountain Healthcare as
cases and precautions that put extra Kindred Healthcare plans to acquire a vice president and chief information
stress on staff. two behavioral health hospitals in officer June 29. He replaces Marc
Amanda Wagner, nurse manager Texas from WellBridge Healthcare. Probst, who retires from his roles as
of the birthing center, said they Louisville, Ky.-based Kindred vice president and CIO in July.
prepared for the influx “so we’d be signed a definitive agreement to Smith’s responsibilities as vice
ready for this.” acquire WellBridge Greater Dallas president and CIO will include leading
and WellBridge Forth Worth. The digital consumer transformation and
NORTHEAST companies plan to close the deal in growth for the Salt Lake City-based
Rhode Island hospital groups summer 2020, subject to regulatory system. At Health
renew cooperation talks approvals and closing conditions. Catalyst, Smith
The Dallas and Fort Worth facilities, advised healthcare
Rhode Island’s two largest hospital which will retain the WellBridge name, executives on
groups, spurred by increased provide inpatient and outpatient working with data
cooperation during the coronavirus behavioral health services in North and technology
pandemic, have restarted talks to Texas. They both have 48 licensed to streamline
boost collaboration and form what beds. They will join Kindred’s portfolio operations,
one executive called an “integrated, of 64 long-term acute-care hospitals support growth
unified, academic healthcare and 21 inpatient rehab hospitals. Ryan Smith and increase
system” with Brown University. In a news release announcing quality, according
Lifespan and Care New England the deal, Kindred said that the to Intermountain officials.
have in the past entered merger acquisitions fit the company’s goal Smith previously served as senior
talks, most recently last year, but of expanding its behavioral health vice president and CIO at Banner
they always failed. services, including crisis stabilization Health in Phoenix.
Lifespan President and CEO for acute mental health and substance Probst, who has worked at
Dr. Timothy Babineau and Care use disorders. Kindred said it plans to Intermountain for 17 years,
New England President and CEO expand its behavioral health footprint announced his retirement in January
Dr. James Fanale said increased across the U.S. through joint ventures after being named 2019 CIO of the
collaboration would be in the best and “distinct part unit management” year by the College of Healthcare
interests of the state. with leading hospital systems. Information Management Executives
Brown President Christina Paxson Kindred posted $3.2 billion in and the Healthcare Information and
welcomed the news. “Any effort to revenue for the 12 months ended March Management Systems Society.
increase collaboration between 31. It did not disclose the purchase Intermountain, a not-for-profit with
these two systems comes with the price for the two hospitals. Another of 24 hospitals and 215 clinics, reported
potential to benefit healthcare for Kindred’s joint ventures in the works is revenue of $2.3 billion in 2020’s first
Rhode Islanders and to advance its plan, announced in 2018, to operate quarter, up 11.8% year-over-year,
biomedical research in partnership a 40-bed rehab hospital in Sacramento, according to unaudited financial
with Brown,” she told the Providence Calif., with the University of California documents released last month. Net
Journal. at Davis. Unions oppose that deal. operating income for the quarter
Talks are expected to take Humana and private equity firms TPG totaled $115 million, down from $193
several months. Capital and Welsh, Carson, Anderson million in the same period last year.
June 8, 2020 | Modern Healthcare 5