Key Developments: Kindred Healthcare Inc (KND.N)

KND.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Kindred Healthcare Inc Announces Retirement Of CFO-Form 8-K
Thursday, 11 Jul 2013 05:01pm EDT 

Kindred Healthcare Inc reported in its Form 8-K that on July 10, 2013, Kindred Healthcare, Inc. (Company) issued a press release announcing that Richard A. Lechleiter, the Company’s Executive Vice President and Chief Financial Officer (CFO), will retire from the Company effective January 15, 2014.  Full Article

Kindred Healthcare Inc Reaffirms FY 2013 Guidance
Wednesday, 1 May 2013 05:00pm EDT 

Kindred Healthcare Inc announced that for fiscal 2013, the Company expects consolidated revenues to approximate $5.9 billion. Operating income, or earnings before interest, income taxes, depreciation, amortization and rent, is expected to range from $806 million to $822 million. The Company expects to report income from continuing operations of between $60 million to $70 million or $1.10 to $1.30 per diluted share. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $5.9 billion, net income of $62 million and EPS of $1.20 for fiscal 2013.  Full Article

Kindred Healthcare Inc Maintains FY 2013 EPS Guidance
Thursday, 25 Apr 2013 07:01am EDT 

Kindred Healthcare Inc announced that the management is maintaining its core earnings per diluted share (EPS) guidance range of $1.10 to $1.30 for continuing operations for fiscal 2013. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $1.20 for fiscal 2013.  Full Article

Kindred Healthcare Inc Announces Plans to Acquire St. Louis, Missouri Hospital
Thursday, 11 Apr 2013 05:00pm EDT 

Kindred Healthcare Inc announced that it has signed an agreement to acquire the operations of Mercy Continuing Care Hospital (Mercy), a 54-bed transitional care hospital (licensed as a long-term acute care hospital) located in St. Louis, Missouri, from SJMDHS, LCC, a partnership between Mercy and CHRISTUS Continuing Care. Kindred expects to complete the transaction in the third quarter of 2013, pending regulatory and other approvals. Terms of the transaction were not disclosed. Kindred has signed a lease with Mercy to relocate the operations from the current location to Mercy Hospital St. Louis, an 80-acre, 979-bed healthcare campus that contains a heart and vascular hospital, a cancer center, a comprehensive children`s hospital, a surgery center and a skilled nursing center. Kindred expects to complete the relocation in the third quarter of 2013.  Full Article

Kindred Healthcare Inc Reaffirms FY 2013 Guidance
Monday, 25 Feb 2013 05:44pm EST 

Kindred Healthcare Inc maintained its previous earnings guidance for fiscal 2013. The Company expects consolidated revenues for fiscal 2013 to approximate $5.9 billion. Operating income, or earnings before interest, income taxes, depreciation, amortization and rent, is expected to range from $794 million to $810 million. The Company expects to report income from continuing operations for fiscal 2013 between $60 million and $70 million or $1.10 to $1.30 per diluted share (based upon diluted shares of 52.7 million). According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $5.9 billion, net income of $64 million and EPS of $1.21 for fiscal 2013.  Full Article

Kindred Healthcare Inc Reaffirms FY 2013 Revenue Guidance; Lowers FY 2013 Earnings Guidance
Monday, 7 Jan 2013 05:30pm EST 

Kindred Healthcare Inc announced revised earnings guidance for fiscal 2013 as a result of certain Medicare reimbursement changes included in the recently enacted American Taxpayer Relief Act of 2012. The Company expects consolidated revenues for fiscal 2013 will approximate $5.9 billion. Operating income, or earnings before interest, income taxes, depreciation, amortization and rent, is expected to range from $794 million to $810 million. The Company expects to report income from continuing operations for 2013 between $60 million and $70 million or $1.10 to $1.30 per diluted share (EPS). The Company's previous earnings guidance for fiscal 2013 ranged from $1.20 to $1.40 per diluted share. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $5.9 billion, net income of $67 million and EPS of $1.27 for fiscal 2013.  Full Article

Kindred Healthcare Inc's Subsidiary Acquires Home Health Company
Monday, 17 Dec 2012 05:26pm EST 

Kindred Healthcare Inc announced that its subsidiary has acquired Homecare Advantage, Inc. (Homecare Advantage) for a purchase price of approximately $2 million in cash. Homecare Advantage is a provider of home health services which operates one location in the Los Angeles, California market and provides services in Los Angeles and Orange counties. Homecare Advantage currently generates annualized revenues of approximately $2.5 million. The Homecare Advantage location will allow Kindred to expand its service area and operations in the Los Angeles market, which currently includes one nursing and rehabilitation center, nine transitional care hospitals, one hospital-based sub-acute unit, three home healthcare locations and, through its RehabCare division, three hospital-based acute rehabilitation units. The Company financed the transaction with operating cash flows and proceeds from its revolving credit facility. Homecare Advantage had no outstanding long-term debt at closing.  Full Article

Kindred Healthcare Inc Reaffirms FY 2012 Revenue Guidance; Narrows FY 2012 Earnings Guidance To A Range Below Analysts' Estimates ; Reaffirms FY 2013 Guidance
Monday, 29 Oct 2012 04:25pm EDT 

Kindred Healthcare Inc announced that for fiscal 2012, it expects revenues to approximate $6.2 billion, operating income, or earnings before interest, income taxes, depreciation, amortization and rent to range from $867-$875 million, income from continuing operations for 2012 between $75-$80 million or $1.40 to $1.50 per diluted share. For fiscal 2013, the Company reaffirmed revenues to approximate $5.9 billion, Operating income to range from $806- $825 million, income from continuing operations between $65-$76 million or $1.20-$1.40 per diluted share. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $6.22 billion, net income of $78 million and EPS of $1.48 for fiscal 2012; revenue of $5.94 billion, net income of $67 million and EPS of $1.28 for fiscal 2013.  Full Article

Kindred Healthcare Inc Acquires IntegraCare Holdings Inc
Tuesday, 4 Sep 2012 08:00am EDT 

Kindred Healthcare Inc announced that its subsidiary has acquired IntegraCare Holdings, Inc. a portfolio company for a purchase price of $71 million in cash plus a potential $4 million cash earn out based on 2013 earnings growth. The Company financed the transaction with operating cash flows and proceeds from its revolving credit facility. IntegraCare had no outstanding long-term debt at closing.  Full Article

Kindred Healthcare Inc Signs Definitive Agreement To Acquire Home Health And Hospice Company
Monday, 20 Aug 2012 08:00am EDT 

Kindred Healthcare Inc announced that it has signed a definitive agreement to acquire IntegraCare Holdings, Inc. (IntegraCare), a portfolio company of private equity firm Flexpoint Ford, LLC, for a purchase price of $71 million in cash plus a potential $4 million cash earn out based on 2013 earnings. The Company expects to finance the transaction with operating cash flows and proceeds from its revolving credit facility. IntegraCare will have no outstanding long-term debt at closing. The transaction is subject to several regulatory approvals and other conditions to closing and is expected to close by the end of the third quarter of 2012.  Full Article

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