LOUISVILLE, Ky.– Kindred Healthcare Inc. (NYSE:KND) announced Wednesday that Richard A. Lechleiter, executive vice president and chief financial officer, will retire effective January 15, 2014. Kindred intends to conduct a national search to replace Lechleiter.
Lechleiter joined the company and became an officer in 1995 when its annual revenues approximated $400 million. He has served as Kindred’s CFO for over 11 years.
“It is hard to overstate the contributions that Rich has made to our organization over the past 18 years,” said CEO Paul J. Diaz. “Rich has earned a stellar reputation for Kindred’s industry leading financial reporting and transparency, and he has led the successful financing of the company’s significant growth during his long tenure. He also has played a critical role in developing our Support Center services that have enabled us to successfully integrate our development and acquisition activities over many years.”
I want to thank Rich for his dedication and commitment to our mission of providing quality patient care and for being a great partner to me personally over the last 10 years,” Diaz added. “For all of my colleagues at Kindred, we wish Rich and his family all the best.”
Edward L. Kuntz, chairman of the Kindred Board of Directors, commented, “I want to thank Rich for his long standing service to the Company and the exemplary leadership he has provided over his tenure. His tireless commitment and well-thought insights throughout his career have helped us grow into a leading post-acute care provider in the country.”
Kindred, a top-125 private employer in the United States, is a FORTUNE 500 healthcare services company based in Louisville with annual revenues of $6 billion and approximately 76,000 employees in 46 states. At March 31, 2013, Kindred through its subsidiaries provided healthcare services in 2,169 locations, including 116 transitional care hospitals, six inpatient rehabilitation hospitals, 204 nursing centers, 24 sub-acute units, 101 Kindred at Home hospice, home health and non-medical home care locations, 103 inpatient rehabilitation units (hospital-based) and a contract rehabilitation services business, RehabCare, which served 1,615 non-affiliated facilities.