EFTA01108670Set 9
2012-09-2712p6,642w
percent of assets it owns vs.
leases. After some back and forth with Ventas, its largest landlord,
KND now plans to let the leases lapse for 54 SNFs with annual ... Medicare
40%
Commeraal
Insurance/ Private
29%
Medicaid
16%
Source: Company reporis.
History - Separation from Ventas
• 1985: Company was founded as Vencare Inc, an operator of LTACHs.
• 1989: Company went public ... companies, in an attempt to unlock shareholder value
by "REIT-ing" the company. Ventas, which took with it the real estate assets,
became a REIT and Vencor become the operating
https://www.justice.gov/epstein/files/DataSet%209/EFTA01108670.pdf