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Kindred Healthcare Inc (KND.N)

KND.N on New York Stock Exchange

8.60USD
15 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Kindred Provides Update On Additional Transaction Closings For Its Skilled Nursing Facility Business Divestiture
Saturday, 2 Dec 2017 

Dec 1 (Reuters) - Kindred Healthcare Inc ::KINDRED PROVIDES UPDATE ON ADDITIONAL TRANSACTION CLOSINGS FOR ITS SKILLED NURSING FACILITY BUSINESS DIVESTITURE.KINDRED HEALTHCARE INC - ‍SALE PROCEEDS FROM RECENT TRANSACTION CLOSINGS APPROXIMATED $31 MILLION​.KINDRED HEALTHCARE INC - REACHED AN AGREEMENT WITH BLUEMOUNTAIN AND RELEVANT LANDLORD TO CLOSE FIVE LEASED FACILITIES IN MASSACHUSETTS.KINDRED HEALTHCARE INC - ‍ EXPECTS CLOSING OF FIVE LEASED FACILITIES IN MASSACHUSETTS WILL BE COMPLETED IN Q2 OF 2018​.  Full Article

Kindred Healthcare Q3 earnings per share $0.11
Tuesday, 7 Nov 2017 

Nov 6 (Reuters) - Kindred Healthcare Inc :Kindred Healthcare reports third quarter 2017 results.Q3 core loss per share $0.11 from continuing operations.Q3 GAAP loss per share $0.33 from continuing operations.Q3 earnings per share view $-0.19 -- Thomson Reuters I/B/E/S.Q3 revenue $1.48 billion versus I/B/E/S view $1.44 billion.Q3 earnings per share $0.11.Kindred Healthcare Inc - ‍company updates outlook for 2018​.Kindred Healthcare Inc sees for 2018 ‍annual revenues of $6.2 billion, with a range of $6.1 billion to $6.3 billion​.Kindred Healthcare Inc sees for 2018 ‍core diluted eps from continuing operations of $0.75, with a range of $0.65 to $0.85​.Kindred Healthcare Inc - ‍company is not providing a 2017 outlook​.FY 2018 earnings per share view $0.67 -- Thomson Reuters I/B/E/S.  Full Article

Kindred Healthcare Q3 core loss per share $0.11 from continuing operations
Tuesday, 7 Nov 2017 

Nov 6 (Reuters) - Kindred Healthcare Inc ::Kindred Healthcare reports third quarter 2017 results.Q3 core loss per share $0.11 from continuing operations.Q3 GAAP loss per share $0.33 from continuing operations.Q3 earnings per share view $-0.19 -- Thomson Reuters I/B/E/S.Q3 revenue $1.48 billion versus I/B/E/S view $1.44 billion.Q3 core loss per share $0.11 from continuing operations .Kindred Healthcare Inc - ‍company updates outlook for 2018​.Kindred Healthcare Inc sees for 2018 ‍annual revenues of $6.2 billion, with a range of $6.1 billion to $6.3 billion​.Kindred Healthcare Inc sees for 2018 ‍core diluted EPS from continuing operations of $0.75, with a range of $0.65 to $0.85​.Kindred Healthcare Inc - ‍company is not providing a 2017 outlook​.FY2018 earnings per share view $0.67 -- Thomson Reuters I/B/E/S.  Full Article

Kindred Healthcare says expects to incur total of $315 mln-$350 mln in costs, charges related to sale of skilled nursing facility business
Tuesday, 4 Jul 2017 

July 3 (Reuters) - Kindred Healthcare Inc ::Kindred Healthcare says expects to incur total of $315 million - $350 million in costs, charges related to sale of skilled nursing facility business-sec filing.  Full Article

Ventas reaffirms expected sale of 36 skilled nursing facilities for $700 mln
Saturday, 1 Jul 2017 

June 30 (Reuters) - Ventas Inc :Ventas reaffirms expected sale of 36 skilled nursing facilities for $700 million to facilitate kindred healthcare’s exit from its skilled nursing segment.Ventas skilled nursing portfolio will represent only one percent of net operating income upon sale.Kindred expects closings of sale of Ventas SNFs to occur in phases, beginning in Q3 of 2017 and completed by year end 2017.  Full Article

Kindred reaches agreement with BM Eagle to sell its skilled nursing facility business for $700 mln
Saturday, 1 Jul 2017 

June 30 (Reuters) - Kindred Healthcare Inc :Kindred announces definitive agreement to divest skilled nursing facility business.Total value to kindred will approximate $910 million.Kindred will retain working capital, owned Las Vegas nursing center and hospital-based sub-acute units.Expects phased transaction closings to begin in Q3 of 2017 and be completed by year end 2017.Kindred expects phased transaction closings to begin in Q3 of 2017 and be completed by year end 2017.Following sale, annual rent expense to be reduced by about $88 million, annual capex to be reduced by about $30 million.Following sale, annual noncontrolling interests payments will be reduced by approximately $18 million.Signed agreement with bm eagle under which will sell company's skilled nursing facility business for $700 million in cash.Expects to realize net value of approximately $210 million, subject to post-closing adjustments, and after $700 million payment to ventas."Expect exiting skilled nursing facility business will increase kindred's annual cash flow by approximately $20 million to $30 million".Signed definitive agreement with BM Eagle Holdings to sell company's skilled nursing facility business.Guggenheim securities is acting as financial advisor to kindred.Company estimates accounting change will reduce Q2 reported core EBITDAR from continuing operations by approximately $35 million.  Full Article

Kindred Healthcare reaffirms FY outlook
Friday, 5 Aug 2016 

Kindred Healthcare Inc : Sees q3 2016 core earnings per share $0.02 to $0.12 from continuing operations . Q2 revenue $1.84 billion versus i/b/e/s view $1.85 billion . Q2 gaap earnings per share $0.23 from continuing operations . Kindred healthcare reports second quarter 2016 results at high end of guidance range . Q2 core earnings per share $0.38 from continuing operations . Q2 earnings per share view $0.34 -- Thomson Reuters I/B/E/S . Company reaffirms full year outlook for 2016 . Q3 earnings per share view $0.14 -- Thomson Reuters I/B/E/S . Fy2016 earnings per share view $0.92, revenue view $7.26 billion -- Thomson Reuters I/B/E/S .Reaffirmed its preliminary outlook for 2017 core ebitdar of at least $1 billion..  Full Article

Kindred Healthcare to acquire in-home health care operations in Arkansas
Tuesday, 21 Jun 2016 

Kindred Healthcare : Deal for $39 million .Kindered Healthcare And The Arkansas Department Of Health Announce Definitive Agreement For Kindred To Acquire In-Home health care operations.  Full Article

Kindred Healthcare signs deal with Palomar Health to create JV
Wednesday, 15 Jun 2016 

Kindred Healthcare Inc : Signed deal with Palomar Health to create JV to construct and operate a 52-bed inpatient rehabilitation hospital in Escondido, CA . Says expects hospital to open by Q3 of 2019 .Says it will own a slight majority in joint venture and will manage day-to-day operations of new hospital.  Full Article

Kindred Healthcare completes syndication and pricing of incremental $200 mln term loan
Friday, 10 Jun 2016 

Kindred Healthcare Inc : Completed syndication and pricing of an incremental $200 million term loan . Incremental term loan will be issued at 99.05% of par . Received consent from required lenders under term loan facility,abl facility to amend various provisions of those credit facilities .Kindred healthcare completes syndication of incremental term loan and secures consent for amendments to credit facilities.  Full Article

BRIEF-Kindred Provides Update On Additional Transaction Closings For Its Skilled Nursing Facility Business Divestiture

* KINDRED PROVIDES UPDATE ON ADDITIONAL TRANSACTION CLOSINGS FOR ITS SKILLED NURSING FACILITY BUSINESS DIVESTITURE