JPMorgan Chase ups Kindred stake by about 55%

JPMorgan Chase increased its holdings in Kindred Healthcare, a Louisville, Ky.-based acute care provider, to 6.4 percent, according to a Securities and Exchange Commission filing.

Advertisement

The increase is about a 55 percent jump from what JPMorgan Chase previously held as of September 2017. JPMorgan Chase now owns roughly 5.58 million Kindred shares, up from 3.57 million reported in September.

The change comes after Humana and two private equity firms signed a definitive agreement Dec. 19 to acquire Kindred for $4.1 billion in cash including assumption of debt.

More articles on post-acute care:
5 nursing homes sue Illinois over low Medicaid rates
Nursing home resident dies of hypothermia, coroner says
CMS reduces penalties for medical errors at nursing homes: 5 things to know

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Post-Acute

Advertisement

Comments are closed.