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TheStreet Open House

Kindred Healthcare Appoints Franke P. Elliott As Chief Managed Care Officer

Stocks in this article: KND

Kindred Healthcare, Inc. (“Kindred” or the “Company”) (NYSE:KND) today announced the appointment of Franke P. Elliott as Chief Managed Care Officer.

Prior to joining Kindred, Mr. Elliott was a Senior Vice President of Business Development for HealthSpring, Inc., a subsidiary of Cigna Corporation (NYSE:CI), one of the country’s leading health plans focused on delivering care to the senior population through innovative physician partnerships, Medicare Advantage and Medicaid products, where he focused on new market expansion, strategic partnerships and the company’s Medicaid and the Dual Eligible initiatives. Mr. Elliott has worked in the healthcare industry, particularly in the area of managed care, for almost 20 years, having held key management positions in both the health services and insurance sectors. He has considerable experience in strategic planning, business development and managed care contracting, including helping organizations plan and execute revenue growth initiatives. From 2001 to 2010, Mr. Elliott worked for HCA Holdings, Inc. (NYSE:HCA) and for the last three years at HCA, Mr. Elliott was Regional Vice President, Managed Care, where he was responsible for all aspects of the business relationship with insurance companies and health plans for the company’s hospitals in 10 markets throughout the United States.

“Franke’s experience with healthcare providers and managed care organizations is invaluable to our strategy of participating in the development of new care delivery and payment models with the goal of creating a healthcare system which is more integrated, patient-centered and outcome focused,” said Paul J. Diaz, Chief Executive Officer of the Company. “We are excited to have Franke help us build our commercial business, which is one of the pillars of our growth strategy, as we continue to expand our relationships with managed care organizations, health systems, physician groups and acute care hospitals.”

About Kindred Healthcare

Kindred Healthcare, Inc., a top-125 private employer in the United States, is a FORTUNE 500 healthcare services company based in Louisville, Kentucky with annual revenues of $6 billion and approximately 76,000 employees in 46 states. At March 31, 2012, Kindred through its subsidiaries provided healthcare services in 2,142 locations, including 120 long-term acute care hospitals, six inpatient rehabilitation hospitals, 224 nursing and rehabilitation centers, 26 sub-acute units, 52 hospice and home care locations, 100 inpatient rehabilitation units (hospital-based) and a contract rehabilitation services business, RehabCare, which served 1,614 non-affiliated facilities. Ranked as one of Fortune magazine’s Most Admired Healthcare Companies for four 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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