Thank you for your back porch update and reminiscing about your experiences with new corporate owners. We're still learning what Kindred is about. Unfortunately, communication seems no better than before. My method of listening to quarterly earnings calls for executive strategy didn't work so well with Kindred.
Hospice was but a minor part of the conversation. The language sounded something like, "hospice volumes are stabilizing, even making slight headway in Q1. The company is positioning hospice for a return to sequential growth."
However Kindred's recent quarterly report had several interesting statements:
During the three months ended March 31, 2015, the Company recorded an asset impairment charge of $6.7 million related to previously acquired home health and hospice trade names after the decision in the first quarter of 2015 to rebrand to the Kindred at Home trade name.
Later on in the same document:
During the three months ended March 31, 2015, the Company recorded an asset impairment charge of $7 million related to previously acquired home health and hospice trade names after the decision in the first quarter of 2015 to rebrand to the Kindred at Home trade name.
What's $300,000 between corporate friends? This could be a typo or an accounting discrepancy. With executive communications it's hard to know. It's newsworthy to Gentiva sites who've had their assets impaired by past trade name changes, some multiple times.
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