JPMorgan Chase ups Kindred stake by about 55%

Listen

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.

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

Copyright © 2021 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars