A Medical Device Daily
Kindred Healthcare (Louisville, Kentucky) reported that its subsidiaries have signed a contract to lease eight skilled nursing facilities from Ocadian (San Francisco).
The nursing centers contain a total of 910 licensed beds and are located in the San Francisco Bay area. Terms of the lease agreement were not disclosed.
Kindred currently operates 12 skilled nursing facilities and three long-term acute care hospitals in Northern California.
“The Ocadian nursing centers complement and expand our presence in San Francisco and Oakland and the surrounding markets,” said Paul Diaz, president/CEO of Kindred. “The Ocadian skilled nursing facilities are excellent properties with a reputation for quality services and are located near existing Kindred hospitals and nursing centers, enabling us to further our market-development strategy in Northern California. We are increasingly focusing on the opportunities we have, particularly between our hospitals and nursing centers, to share clinical resources, grow admissions and better educate the marketplace on our ability to care for medically complex post-acute patients.”
Kindred, through its subsidiaries, operates long-term acute care hospitals, skilled nursing centers, institutional pharmacies and a contract rehabilitation services business, Peoplefirst Rehabilitation Services, across the U.S.