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Kindred Healthcare Inc's Subsidiary Signs Definitive Agreement to Acquire Real Estate Associated with Nine Leased Nursing Centers from HCP

Tuesday, 5 Nov 2013 08:10am EST 

Kindred Healthcare Inc announced that its subsidiary has signed a definitive agreement with HCP, Inc. and its affiliates (HCP) to acquire the real estate associated with nine nursing centers that it currently leases from HCP for approximately $83 million. The annual lease payments for these nursing centers are approximately $9 million. The transaction with HCP is subject to several conditions to closing. Kindred anticipates that the transaction with HCP will close in the fourth quarter of 2013 and will be slightly accretive to earnings in 2014. 

Company Quote

18 Dec 2014