Ownership profile
Who owns Kindred Healthcare?
Kindred Healthcare no longer exists as a standalone company; its long-term acute care hospitals were absorbed into ScionHealth in December 2021, which is itself controlled by private equity giant Apollo Global Management through its ownership of LifePoint Health.
Ownership profile
Kindred Healthcare
ScionHealth (operating subsidiary of LifePoint Health, controlled by Apollo Global Management)
Evidence (11)
ScionHealth, the care network that absorbed Kindred, is under Apollo Global Management's control as of November 2025.
https://www.wuft.org/healthscience/2025-11-13/private-equity-is-snapping-up-health-chains-whats-next-for-florida-hospitalsAs of 2024, Apollo-owned ScionHealth's subsidiary, Kindred Health, sold five LTAC hospitals to REIT Ventas in a sale-leaseback transaction valued at $189 million, confirming Apollo's ongoing control.
https://pestakeholder.org/news/apollo-owned-scionhealth-quietly-sells-and-leases-back-5-hospitals-from-reit/Apollo Global Management completed the merger of Kindred Healthcare and LifePoint Health in late December 2021, shifting some acquired Kindred facilities into the new company ScionHealth, also controlled by Apollo.
https://pestakeholder.org/news/apollo-global-management-completes-merger-of-kindred-healthcare-and-lifepoint-health-shifts-some-hospitals-to-new-company/In June 2021, LifePoint Health (itself owned by Apollo Global Management) announced a definitive agreement to acquire Kindred Healthcare's specialty hospital business; the transaction closed in December 2021, resulting in the launch of ScionHealth.
https://wellyhub.com/what-happened-to-kindred-healthcare-the-acquisitions-and-rebranding-explainedScionHealth comprises 79 hospital campuses in 25 states, including Kindred's 61 long-term acute care hospitals and 18 of LifePoint's community hospitals.
https://www.mintz.com/industries-practices/case-studies/mintz-advises-kindred-healthcare-sale-lifepoint-health-launchingKindred Healthcare (NYSE: KND) was taken private in July 2018 via a ~$4.1 billion acquisition by a consortium of TPG Capital, Welsh Carson Anderson & Stowe (WCAS), and Humana; its stock ceased trading on the NYSE on June 29, 2018.
https://en.wikipedia.org/wiki/Kindred_HealthcareAfter the 2018 acquisition, Kindred's LTAC hospitals, inpatient rehabilitation facilities, and contract rehabilitation services businesses were operated as a separate specialty hospital company owned by TPG Capital and WCAS.
https://www.tpg.com/news-and-insights/kindred-healthcare-be-acquired-tpg-capital-welsh-carson-andersonThe SEC Form 8-K filed by Kindred in 2017 confirmed that Kindred's IRFs, contract rehabilitation services, and LTAC hospitals would become a specialty hospital company owned by TPG Capital and Welsh, Carson, Anderson & Stowe.
https://www.sec.gov/Archives/edgar/data/0001060009/000119312517372825/d513446dex993.htmPitchBook lists Kindred Healthcare's financing status as 'Private Equity-Backed' and ownership status as 'Acquired/Merged (Operating Subsidiary)'.
https://pitchbook.com/profiles/company/10389-88Apollo shifted $350 million in cash off LifePoint's balance sheet and added $550 million in debt to ScionHealth to fund a ~$900 million payout to prior Kindred owners TPG Capital, WCAS, and Canadian pension fund PSP.
https://pestakeholder.org/news/apollo-global-management-completes-merger-of-kindred-healthcare-and-lifepoint-health-shifts-some-hospitals-to-new-company/LifePoint was acquired by Apollo Global Management in 2018 and merged with RCCH Healthcare Partners; LifePoint then acquired Kindred Health in 2021 and spun off ScionHealth.
https://en.wikipedia.org/wiki/LifePoint_HealthWhat's uncertain
- The consumer-facing brand 'Kindred Healthcare' (operating hospitals under the Kindred name) now functions as a subsidiary brand within ScionHealth, itself under Apollo Global Management via LifePoint Health. The original Kindred Healthcare, Inc. (NYSE: KND) ceased to exist as a standalone public company in July 2018.
- The Kindred at Home division (home health and hospice) followed a separate path: Humana acquired full ownership in 2021 and later rebranded it as CenterWell. That business is NOT part of the Apollo/ScionHealth chain.
- Apollo's exact ownership percentage in ScionHealth vs. LifePoint is not publicly disclosed in detail; control is asserted by multiple independent sources but specific equity percentages in ScionHealth were not confirmed.
- Moody's assigned ScionHealth a Caa2-PD probability of default rating as of early 2025, signaling significant financial distress.
- The brand 'Kindred' continues to appear on hospital signage within ScionHealth as of the investigation date (July 2026), but may be subject to further rebranding.