According to documents filed with the Ohio Department of Job and Family Services, Kindred Hospital Central Ohio in Marshfield will close, resulting in 111 layoffs. The layoffs and ultimate closure will take place over a two-week period beginning September 30.
Louisville, Kentucky-based Kindred Healthcare, Inc. (NYSE:KND) will continue to operate Kindred Hospital Dayton (Ohio) and Kindred Hospital Lima (Ohio) after the Marshfield facility closes.
The decision to not renew the lease for the hospital was part of the company’s strategic plan to consolidate its long-term acute care services in Ohio. Some of the impacted positions include 27 registered nurses, 18 certified nursing assistants, 15 respiratory therapists, six monitor technicians, and three pharmacists.
There are no bumping rights for the hospital, nor are any of the affected employees represented by a union.
According to the company’s web site, Kindred Hospital Central Ohio is a 33-bed transitional care hospital that provides long-term care to patients with chronic and complex medical conditions. An average stay lasts between 25 and 30 days.
“Kindred Healthcare made a strategic decision to consolidate its long-term acute care hospital services in Ohio and will not be renewing its lease for Kindred Hospital Central Ohio,” the company said in a statement.
“As a result, Kindred Hospital Central Ohio has stopped accepting new admissions. If any patients need continued care after the hospital closes, please be assured that we will take every step necessary to help them in relocating, including arranging for requested transfers and paying for any expenses.”
Kindred Healthcare, Inc. is a top-90 private employer in the U.S. and a member of the Fortune 500, with approximately $7.2 billion in revenue. Via its subsidiaries, Kindred has approximately 100,000 employees in 2,624 locations across 46 states.
In May, Kindred announced that first-quarter revenue increased 3.8% year-over-year to $1.77 billion. Income from continuing operations was $8.8 million, compared to $25.8 million in the same period a year ago. The company reported an operating cash flow deficit of $92.6 million, compared to a deficit of $130.4 million for the same period a year ago. Lastly, Kindred reported a loss per share from continuing operations of $0.07, compared to earnings of $0.15 per share in the first quarter of 2016.
“Current Public Notices of Layoffs and Closures,” Ohio Department of Job and Family Services, last accessed July 31, 2017.
“About Us,” Kindred Hospital Central Ohio, last accessed July 31, 2017.
“Kindred Healthcare,” Ohio Department of Job and Family Services, last accessed July 31, 2017.
“Kindred Healthcare Reports First Quarter 2017 Results,” Kindred Healthcare, Inc., May 3, 2017.