Kindred Healthcare, Inc. (the “Company” or “Kindred”) (NYSE:KND) today announced that Benjamin A. Breier has been named President and Chief Operating Officer, effective immediately and reporting to Paul J. Diaz, Kindred’s Chief Executive Officer.
Mr. Breier, 41, joined the Company in 2005 and has served as Chief Operating Officer (“COO”) since August 2010. From March 2008 until becoming COO, Mr. Breier served as President of the Company’s Hospital Division. From August 2005 to March 2008, Mr. Breier served as President of the Company’s People first Rehabilitation Division.
Prior to joining the Company in August 2005, Mr. Breier served as Senior Vice President of Operations at Concentra, Inc., a leading provider of workers compensation and other occupational health services, where he managed over 1,000 physicians and 1,000 physical therapists.
“Ben’s appointment is a natural progression of our succession planning process,” said Mr. Diaz. “Ben has shown tremendous leadership skills and is doing an incredible job running the day to day operations of the Company. At the same time, I have committed to the Kindred Board of Directors that I will continue to be actively involved as Chief Executive Officer in the coming years.”Mr. Diaz continued, “In addition, Ben has been instrumental in leading the Company’s successful integration efforts following the Vista Healthcare, RehabCare and Professional Healthcare acquisitions. Together these acquisitions represent total revenue of approximately $1.5 billion and have contributed approximately $75 million in synergies to the Company. Ben continues to drive performance and quality improvements in the Company’s core operations and advance our cluster market strategy.” Kindred also announced that William M. Altman was named Executive Vice President for Strategy, Policy and Integrated Care and Joseph L. Landenwich was named Co-General Counsel and Corporate Secretary. Both appointments are effective immediately. Mr. Altman, 52, an attorney, joined the Company in 1996 and has served as Senior Vice President, Strategy and Public Policy since January 2008. Mr. Altman is assuming additional duties with respect to Kindred’s strategic plan, cluster market and network development activities, and the Company’s accelerated efforts to participate in Accountable Care Organizations, various bundled payment demonstrations with health systems, physician groups and managed care payors.
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