Kindred Healthcare, Inc. (NYSE: KND) announced today that it has signed a definitive agreement to acquire Senior Home Care, Inc. for a purchase price of $95 million. A premier home health provider that operates 47 locations in Florida and Louisiana, Senior Home Care currently generates annualized revenues of approximately $143 million, which Kindred expects will […]
Kindred Healthcare Inc.
Ventas, Inc. (NYSE: VTR) today reported record profitability for the third quarter ended September 30, 2013, as funds from operations (FFO) increased 8% to $307.2 million, or $1.04 per diluted share, compared to the same period in 2012. Net income attributable to common stockholders for the third quarter was $118.3 million, or $0.40 per diluted […]
Kindred Healthcare, Inc. (NYSE: KND) today announced that it has completed the sale of 14 non-strategic facilities for $165.8 million to an affiliate of Vibra Healthcare, LLC. In the near term, Kindred intends to use the net proceeds from the sale to pay down the outstanding balance under its existing revolving credit facility. Over time, […]
Newly announced acquisition plans from Kindred Healthcare, Inc. (NYSE: KND) look to expand the company’s long-term care market in Cleveland, which already includes assisted living and nursing centers. Kindred announced Wednesday that it has signed a definitive agreement to acquire Western Reserve Senior Care, a Cleveland, Ohio-based, a physician-led primary care practice that delivers care […]
Kindred Healthcare, Inc. (NYSE: KND) announced Wednesday that it has sold seven nursing centers for approximately $47 million to affiliates of Signature Healthcare, LLC. The facilities—five of which are owned and the remaining are leased—contain 900 licensed nursing beds and are located outside of Kindred’s 21 designated Integrated Care Markets. Collectively, the nursing centers generated […]