I present and defend a novel version of the homeostatic property cluster (HPC) account of natural kinds. The core of the proposal is a development of the notion of co-occurrence, central to the HPC account, along information-theoretic lines. The resulting theory retains all the appealing features of the original formulation, while increasing its explanatory power, and formal perspicuity. I showcase the theory by applying it to the (hitherto unsatisfactorily resolved) problem of reconciling the thesis that biological species are natural kinds with the fact that many such species are polymorphic.