Financial rapscallions TPG Capital and WCAS (Welsh, Carson, Anderson and Stowe) did not value employees at our hospice site after they took a majority ownership stake in July 2018. Humana became the operating partner with 40% ownership. Together they devalued our hospice employees. It took a year for them to drive away experienced, talented, dedicated and caring hospice workers by implementing Curo Healthcare's sparse staffing models and complex, unreliable technology.
Humana never equalized Kindred at Home benefits, even after buying out the rest of KAH from TPG and WCAS in August 2021. They did improve the retirement match but it remains half of Humana's employee match.
The next round of abuse will come when Humana officially offloads the portion it just acquired to yet a different financial rapscallion, Clayton, Dubilier and Rice. Consider what some CDR employees said on Glassdoor.
Management plays politics, associates + principles always look down at you, No rules for HR lady but all rules apply to all staff, partners expectations are ridiculous. Fix up, stop playing political games, appreciate your staff
Hostile environment within the administration team. Lack of professionalism and very much a cult like working environment. HR - a complete mess No new starters stay at this company... Bad management.
They did not value the employees of the organization they acquired. It's not all about money, people/employees matter.
CDR will continue President David Causby's "value add" to executive wallets and personal wealth accounts. How does a hospice organization become an enrichment vehicle for greedy leaders and financial rapscallions? The Senate Finance Committee is supposedly asking this question. I'm afraid the answer will not come in time to save what is left of our once great hospice.
Anonymous
Clinical Manager from New Mexico said "Poor Management and Poor Work Life Balance" of their time at Kindred at Home.
ReplyDeleteFavoritism is very evident. Lack of support by upper management and they do not value their employees. Poor communication. No work life balance as upper management expects you to work on your time off and after hours. Requested time off and was still requested and expected to work during my time off several times without being paid for working, only paid PTO.
Local hospice manager said this of Kindred Hospice:
ReplyDelete"Hours long. On call impossible. Job to large unable to get everything done.Things added all the time. No support. No satisfaction of job. No thank you for hard work done. Things thrown in your face that were done before I got there. Made to fell inadequate since besides all the work i fid i did not gonin field and take call. Poor environment."
Big's Matt Stoller wrote "Clayton Dubilier & Rice is one of the original gangsters of private equity, founded in 1978. It had classic pedigree; Jack Welch was an advisor. The firm is perhaps best known for shipping respiratory equipment out of the U.S. in the early days of the Covid pandemic, as well as the standard stripping of assets from companies it buys, and then letting them go bankrupt. So one can expect Clayton Dubilier & Rice, if it buys Mead Johnson, to attempt to raise prices on formula, or cut corners."
ReplyDeletehttps://mattstoller.substack.com/p/the-conglomerate-problem?r=2icx9&s=r&utm_campaign=post&utm_medium=email
Curo Contract Manager said "Poorly managed":
ReplyDeleteThis was a poorly managed company, communication wasn't a priority. Not flexible for those who want to work from home. Managers quick to stab you in the back. Would not recommend.
Pros
None
Cons
Managers
Hospice Director of Operations (Site Manager) said "Too many owners":
ReplyDeletein 6 yrs the company has had 7's ED's, 5 VP's, 4 name changes, no consistent leadership, very disorganized. Minimal assistance in the branch office and all is on the ED's shoulders, unrealistic expectation and not a good work-home life balance.
A former CDR staffer from London said "Dreadful place to work":
ReplyDeletePros
Free snacks and drinks and one summer day
Cons
Hostile environment within the administration team. Lack of professionalism and very much a cult like working environment.
HR - a complete mess
No new starters stay at this company...
Advice to Management
Bad management