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Kindred Shareholders Approve Humana Deal

Stockholders of Louisville-based Kindred Healthcare have approved the sale of the company to a consortium that includes Humana Incorporated and two private equity firms.

Kindred says in a statement that the transaction is expected to close this summer.

Last month, a court in Delaware dismissed a suit seeking to block the sale. It was filed by New York-based Brigade Capital Management. The company’s funds control about 5.7 percent of Kindred’s stock.

Brigade claimed the acquisition would undervalue the company.

Forbes reports the Kindred deal is worth about $4 billion.

The news follows a recent report in the Wall Street Journal that early talks have begun about the possible sale of Louisville-based Humana to Wal-Mart.

Rick Howlett was midday host and the host of LPM's weekly talk show, "In Conversation." He was with LPM from 2001-2023 and held many different titles, including Morning Edition host, Assignment Editor and Interim News Director. He died in August 2023. Read a remembrance of Rick here.

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