Economy Health

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 is WFPL's Broadcast Managing Editor and also produces feature and general assignment radio stories.