Saturday, June 25, 2016

Causby's Next $1 Million Bonus to Come from Showing Up


On March 30, 2016 Kindred Healthcare added another employment agreement for Kindred at Home CEO David Causby.  For staying 16 months with the company Causby will earn another $1,000,000.  Causby merely has to make it to August 1, 2017 and his work must be satisfactory.

During this time former Gentiva employees will lose their retirement match from Kindred at Home.  It's slated to end December 31, 2016.  Causby should have a great 2017 as his pay soars on the backs of those delivering care.

How many Gentiva employees knew about Causby's retention bonus?  How many know about the stepped down 401k match for former Gentiva employees?  How many know when the company will make good on the match?

Gentiva employees are providing Kindred's synergistic cost savings through greatly reduced benefit contributions from the company.  What Kindred pocketed in 2016 should grow exponentially in 2017.  That's when the 401k match evaporates completely.

Cauby's agreement was executed by Kindred's Stephen Cunanananan, Chief Peephole Officer.   Former Gentiva employees would recognize Cunanananan's role as Vice President for Human Abuse.  We're now part of Kindred, where the executive mantra is "My Pay Matters."

Anonymous (from Kindredful)

Wednesday, June 22, 2016

Kindred Pays $39 million for Arkansas at Home


Kindred Healthcare plans to purchase the State of Arkansas' home health, hospice and personal care agencies in an announced $39 million deal.  This deal is 18 times larger than Kindred's last buyout, the $2.15 million purchase of CFO Stephen Farber's personal home.

Kindred intends to keep the Arkansas agencies, yet plans to sell the multi-million dollar Louisville estate.  When will it be listed?

Anonymous (from Kindredful)

Thursday, June 16, 2016

Kindred's Low Bar Investor Presentation


Kindred Healthcare President spoke to the Bank of America Merrill Lynch Healthcare Conference in Las Vegas.  An early remark expressed regret at keeping attendees away from the bar.  Then he moved on:. 

"God forbid you need hospice."

Many of our hospice patients spent their life bellying up to the bar.  There is a price to pay for habitually seeking solace in things incapable of providing it.

Kindred at Home has 38,340 caregivers.  How would they take his comment? 

Eventually our hospice may need hospice due to high financial leverage and poor health choices.. Our President might recommend another drink or smoke to relieve anxiety.  

Anonymous (from Kin-forbid)