Alastair Fitzpayne wasn't the only person to take a new job in the healthcare industry this week. Kindred also named its new CEO on Thursday: Benjamin A. Breier will succeed Paul J. Diaz on March 31 of next year.
Breier, 43, has been with Kindred since August 2005 and has served as President and Chief Operating Officer since 2012. Before joining the Kindred team, he was Senior Vice President of Operations and Vice President of Operations at Concentra and Director of Operations at Premier Practice Management.
The announcement comes in the wake of a major acquisition by Kindred, which as of June provided care in 2,353 locations, including 97 transitional care hospitals. The company announced earlier this month that it will acquire Gentiva Health Services Inc. in a cash-and-stock deal worth $719.6 million, despite multiple previous rejections by Gentiva. The combined organization will be the largest operator of long-term acute care hospitals and inpatient rehabilitation facilities in the country, as well as the nation's largest provider of home health, hospice and rehabilitation services. It is estimated that annual revenue will be around $7 billion.
Diaz will stay with Kindred as Executive Vice Chairman of the board of directors. Breier will also join the Kindred board as a member.
Here are the biggest stories in the healthcare industry this week:
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And here's what we were reading:
- Epic is notoriously media-shy, but Politico snagged an interview with CEO Judy Faulkner.
- Healthcare economist Austin Frakt takes a critical look at the latest research on ACOs.
- All service members returning from Ebola-stricken west Africa will go into a 21-day quarantine, the Wall Street Journal reports.