Benjamin Breier

Last updated
Benjamin Breier
Benjamin Breier Speaking at Harvard.jpg
Breier (right) in February 2019
Born1971 (age 5152)
Education Wharton School of the University of Pennsylvania (BS) and University of Miami (MBA and MHA)
Occupation(s)President, CEO and Board Member for Kindred Healthcare

Benjamin Breier (born 1971) was chief executive office and a member of the board of directors of Kindred Healthcare from March 2015 through December 2021. He serves on the board for the Federation of American Hospitals. [1] [2]

Contents

Early life and education

Breier grew up in Miami. His parents, Robert G. Breier and Eileen G. Breier, were both lawyers. [3]

Breier received a B.S. in economics from the Wharton School of Business at the University of Pennsylvania in 1993 and an MBA and MHA from the University of Miami in 1995. [4]

Career

Breier's healthcare career began in Florida, where he worked as an administrator to help a hospital recover after devastation caused by Hurricane Andrew. [3] In 1995, Breier was promoted to an assistant vice president at the hospital's system, Baptist Health Systems. [3]

In January 1997, Breier joined Premier Practice Management, a subsidiary of Premier, Inc., as chief operating officer, and he became chief executive officer in June 1998. [4] After Premier, Breier served as vice president of Operations at Concentra, Inc., and in 2003, he was appointed Concentra's senior vice president of operations. [4]

In September 2019, Breier was named Chair of the Louisville Healthcare CEO Council (LHCC), which was formed in 2017 to leverage the strengths and assets of its members to solve important problems that extend beyond the scope of any one single member company. [5]

In January 2022, Breier published a book, Intentional Disruption: Leadership Lessons in Healthcare, Business, and Beyond. [6]

Kindred Healthcare

Breier joined Kindred Healthcare in August 2005 as president of the company's Rehabilitation Division, where he served until he was appointed president of the Hospital Division in March 2008. [7] In August 2010, Breier was promoted to chief operating officer of Kindred, and he assumed the additional responsibilities of president of the company in May 2012. [7] In October 2014, Kindred announced that Breier would become chief executive officer, effective March 31, 2015. [7] The appointment took effect as Kindred was completing its acquisition of home health and hospice provider Gentiva Health Services, a transaction that created the largest diversified provider of post-acute healthcare services in the country. [8] [9] [10] [11]

In 2018, Breier oversaw a transaction with Humana, TPG Inc., and Welsh, Carson, Anderson & Stowe (WCAS) that separated Kindred into two, privately held companies, a home health care company and a specialty hospital company. [12] Effective July 2018, Breier became president and CEO of the specialty hospital company, Kindred Healthcare. [13] In December 2021, Breier left his position as CEO of Kindred Healthcare, as part of the transaction agreement when LifePoint Health acquired Kindred. [14]

Awards and honors

In 2010, Modern Healthcare named Breier to its Up and Comers list. [15]

From 2015 to 2017, Modern Healthcare magazine included Breier on its list of the “100 Most Influential People in Healthcare.” [16]

Related Research Articles

Humana Inc. is a for-profit American health insurance company based in Louisville, Kentucky. In 2023, the company ranked 42 on the Fortune 500 list, which made it the highest ranked company based in Kentucky. It is the fourth largest health insurance provider in the U.S.

Gentiva Health Services is a provider of home health care, hospice, and related health services in the United States. The company is headquartered in Atlanta, Georgia. Prior to its October 2014 acquisition by Kindred Healthcare, it was a Fortune 1000 company with over $1.7 billion in annual revenue and a member of the S&P 600 index.

<span class="mw-page-title-main">TPG Inc.</span> American investment company

TPG Inc., previously known as Texas Pacific Group and TPG Capital, is an American private equity firm based in Fort Worth, Texas. The firm is focused on leveraged buyouts and growth capital. TPG manages investment funds in growth capital, venture capital, public equity, and debt investments. The firm invests in a range of industries including consumer/retail, media and telecommunications, industrials, technology, travel, leisure, and health care.

<span class="mw-page-title-main">HCA Healthcare</span> American healthcare facilities company

HCA Healthcare is an American for-profit operator of health care facilities that was founded in 1968. It is based in Nashville, Tennessee, and, as of May 2020, owns and operates 186 hospitals and approximately 2,000 sites of care, including surgery centers, freestanding emergency rooms, urgent care centers and physician clinics in 21 states and the United Kingdom. As of 2023, HCA Healthcare is ranked #66 on the Fortune 500 rankings of the largest United States corporations by total revenue.

<span class="mw-page-title-main">Kindred Healthcare</span> U.S. healthcare company

Kindred Healthcare was a post-acute healthcare services company that operated long-term acute-care hospitals and provides rehabilitation services across the United States.

Encompass Health Corporation, based in Birmingham, Alabama, is one of the United States' largest providers of post-acute healthcare services, offering both facility-based and home-based post-acute services in 36 states and Puerto Rico through its network of inpatient rehabilitation hospitals, home health agencies, and hospice agencies. Effective January 2, 2018, the organization changed its name to Encompass Health Corporation and its New York Stock Exchange (NYSE) ticker symbol from HLS to EHC.

<span class="mw-page-title-main">Tenet Healthcare</span> American healthcare company

Tenet Healthcare Corporation is a for-profit multinational healthcare services company based in Dallas, Texas, United States. Through its brands, subsidiaries, joint ventures, and partnerships, including United Surgical Partners International (USPI), the company operates 65 hospitals and over 450 healthcare facilities. Tenet also operates Conifer Health Solutions, which provides healthcare support services to health systems and other clients.

<span class="mw-page-title-main">Cerner</span> American healthcare company

Oracle Cerner is an American supplier of health information technology (HIT) services, devices, and hardware. As of February 2018, its products were in use at more than 27,000 facilities around the world. The company had more than 29,000 employees globally, with over 13,000 in Kansas City, Missouri. Its headquarters are in the suburb of North Kansas City, Missouri.

<span class="mw-page-title-main">Select Medical</span> American healthcare company

Select Medical is a healthcare company based in Pennsylvania. It owns long-term acute care and inpatient rehabilitation hospitals, as well as occupational health and physical therapy clinics. Select Medical is a subsidiary of Select Medical Holdings, which is listed on the New York Stock Exchange.

<span class="mw-page-title-main">John O. Agwunobi</span>

John O. Agwunobi is a Scottish-born Nigerian-American former public health official, pediatrician, and the former chief executive officer and executive chairman of Herbalife Nutrition. He was formerly senior vice-president of Walmart and president of the retailer's health and wellness business from 2007 to 2014.

<span class="mw-page-title-main">Welsh, Carson, Anderson & Stowe</span> American private equity firm

Welsh, Carson, Anderson & Stowe (WCAS), also referred to as Welsh Carson, is a private equity firm. WCAS was formed in 1979 and focuses on investing in two growth industries, technology and healthcare, primarily in the United States. WCAS has a current portfolio of approximately 30 companies and has organized 17 limited partnerships with total capital of over $27 billion, consisting of 13 equity partnerships and four subordinated debt partnerships. WCAS is currently investing equity funds, including WCAS XII, L.P. and WCAS XIII, L.P.

Trevor Fetter is an American businessman, the lead independent director of The Hartford Financial Services Group, and the former president, CEO, and chairman of Tenet Healthcare. He is a senior lecturer in the General Management unit of Harvard Business School (HBS), teaching Leadership and Corporate Accountability in its MBA program; his alma mater, where he is also a founding member of the HBS Healthcare Initiative Advisory Board, and a former member of the Board of Dean's Advisors. He has appeared several times on the “100 Most Influential People in Healthcare" list compiled by Modern Healthcare.

Concentra Inc., is a national health care establishment founded in 1979 in Amarillo, Texas. The headquarters of the corporation is in Addison, Texas and runs approximately 520 urgent care locations across 44 states. The company is linked with over 1,000 physicians and 1,285 physical therapists. Concentra also offers a variety of health improvement solutions to companies and manages over 140 employer-owned medical facilities.

<span class="mw-page-title-main">Universal American</span>

Universal American is a Fortune 500 company with offices throughout the United States, and headquarters in Rye Brook, New York. The company offered health insurance, and also deals in Medicare managed care plans, and Medicare prescription drug benefits. Its CEO is Richard A. Barasch.

Alan B. Miller is an American businessman who is the founder of Universal Health Services, and currently serves as the company's executive chairman. Miller founded the company in 1979 and it has grown to become a large provider of hospital and healthcare services in the US and the UK. In 2022, UHS had revenues of $13.4 billion. In September 2020, UHS announced that, consistent with the company's long-standing succession plan, Alan B. Miller would step down as CEO.

SCA Health (SCA), is based in Deerfield, Illinois, with a network of 300+ ambulatory surgery centers (ASCs) in 35 states performing 1 million procedures a year. Since March 2017, the company is part of Optum.

<span class="mw-page-title-main">Wayne T. Smith</span>

Wayne T. Smith is an American businessperson in the health care industry. After starting his business career with the insurance company Humana Inc. in the 1970s, he served as Humana's president and chief operating officer (COO) from 1993 until 1996. In 1997 he was appointed president and chief executive officer (CEO) of Community Health Systems (CHS), also taking on the role of chairman in 2001. As head of the company, he has overseen projects such as the 2007 acquisition of Triad Hospitals, which came close to doubling the size of CHS. In 2014 he led the USD $7.6 billion acquisition of Health Management Associates, which made CHS the largest for-profit hospital operator in the United States..

Ardent Health Services, formerly known as Behavioral Healthcare Corporation is a healthcare company based in Nashville, Tennessee, United States.

Optum, Inc. is an American healthcare services provider with business interests encompassing technology and related services, pharmacy care services and various direct healthcare services. It has been a subsidiary of UnitedHealth Group since 2011. UHG formed Optum by merging its existing pharmacy and care delivery services into the single Optum brand, comprising three main businesses: OptumHealth, OptumInsight and OptumRx. In 2017, Optum accounted for 44 percent of UnitedHealth Group's profits and as of 2019, Optum's revenues have surpassed $100 billion. Also in early 2019, Optum gained significant media attention regarding a trade secrets lawsuit that the company filed against former executive David William Smith, after Smith left Optum to join Haven, the joint healthcare venture of Amazon, JPMorgan Chase, and Berkshire Hathaway.

Andrew Chuma Agwunobi is an American physician and administrator. He served as the CEO for UConn Health from 2014 to 2022 and became interim president of the University of Connecticut starting on May 19, 2021. He was the first non-white person to serve as UConn president.

References

  1. "Ben Breier, Kindred Healthcare Inc: Profile and Biography - Bloomberg Markets". Bloomberg.com. Archived from the original on 2020-12-10. Retrieved 2020-11-29.
  2. "Federation of American Hospitals". FAH.ORG. Retrieved 2019-01-31.
  3. 1 2 3 "Profile: Benjamin A. Breier". McKnight's Long Term Care News. 2017-01-06. Retrieved 2019-01-31.
  4. 1 2 3 "Benjamin A. Breier, President and Chief Executive Officer, Kindred Healthcare". whcbc.org. Retrieved 2019-01-31.
  5. "Powerful CEO council to establish investment fund". Biz Journals. Retrieved 2019-10-15.{{cite web}}: CS1 maint: url-status (link)
  6. "Healthcare CEO Creates Leadership Guidebook For Leveraging Disruption". Forbes. Forbes. Retrieved 28 January 2022.
  7. 1 2 3 "Benjamin Breier tapped as Kindred's new CEO". The Courier-Journal. Retrieved 2019-01-31.
  8. "Gentiva shareholders approve Kindred takeover". Modern Healthcare. Retrieved 2019-01-31.
  9. "Benjamin Breier to succeed Paul Diaz as Kindred CEO – Lane Report | Kentucky Business & Economic News" . Retrieved 2019-01-31.
  10. "Kindred Healthcare Completes Acquisition of Gentiva Health Services Creating Nation-Wide Integrated Care Delivery System". www.businesswire.com. 2015-02-02. Retrieved 2019-01-31.
  11. "Kindred Provides Update on Additional Transaction Closings for Its Skilled Nursing Facility Business Divestiture". www.businesswire.com. 2017-12-01. Retrieved 2019-01-31.
  12. "Kindred Healthcare to Be Acquired by TPG Capital, Welsh, Carson, Anderson & Stowe and Humana Inc. for $9.00 Per Share in Cash". www.businesswire.com. 2017-12-19. Retrieved 2019-01-31.
  13. "Humana, two private equity firms will buy Kindred Healthcare for $4.1 billion". Modern Healthcare. Retrieved 2019-01-31.
  14. Deppen, Laurel. "Outgoing Kindred CEO on his - and the company's- legacy in Louisville". www.bizjournals.com. Biz Journals. Retrieved 28 January 2022.
  15. "2010 Up & Comers: Ben Breier". Modern Healthcare. Retrieved 2019-01-31.
  16. "2015 100 Most Influential People in Healthcare". www.modernhealthcare.com. Retrieved 2019-01-31.