Kindred Healthcare Inc (KND) Key Developments | Reuters.com
Edition:
United States

Kindred Healthcare Inc (KND)

KND on New York Consolidated

11.29USD
24 Jun 2016
Change (% chg)

$-0.30 (-2.59%)
Prev Close
$11.59
Open
$11.09
Day's High
$11.36
Day's Low
$10.95
Volume
1,133,316
Avg. Vol
1,034,549
52-wk High
$23.36
52-wk Low
$7.95

Latest Key Developments (Source: Significant Developments)

Kindred Healthcare Inc completes acquisition of Gentiva Health Services Inc
Monday, 2 Feb 2015 04:30pm EST 

Kindred Healthcare Inc:Completes acquisition of Gentiva Health Services Inc in a transaction valued at $1.8 bln, including the assumption of net debt.  Full Article

Kindred Healthcare announces Gentiva Health Services stockholder approval of combination
Thursday, 22 Jan 2015 04:15pm EST 

Kindred Healthcare Inc and Gentiva Health Services:Says the Gentiva stockholders approved Gentiva's combination with Kindred.Enters into a definitive agreement under which Kindred will combine with Gentiva for $14.50 per share in cash and 0.257 shares of Kindred common stock based upon an agreed upon fixed exchange ratio.  Full Article

Kindred acquires Centerre Healthcare
Friday, 2 Jan 2015 08:00am EST 

Kindred Healthcare Inc:Completed the previously announced acquisition of Centerre Healthcare Corporation (Centerre), a national company dedicated to operating Inpatient Rehabilitation Hospitals.Says for a purchase price of about $195 mln in cash.  Full Article

Kindred Healthcare announces agreement with Ventas Inc
Monday, 29 Dec 2014 07:00am EST 

Kindred Healthcare Inc:Has entered into an agreement with Ventas Inc (Ventas).To transition operations under leases for nine non-strategic nursing centers.Each lease will terminate when operation of nursing center is transferred to a new operator.Says current lease term for eight of these nursing centers is scheduled to expire at the end of April 2018.Says current lease term for ninth of these nursing centers is scheduled to expire at end of April 2020.Parties have also reached agreements to modify provisions in 2007 master leases to make them more consistent with master lease agreement No. 5, recent master lease entered into between parties.  Full Article

Kindred Healthcare announces pricing of $1.35 billion of senior unsecured notes
Thursday, 11 Dec 2014 05:32pm EST 

Kindred Healthcare:Prices offering of $1.35 bln aggregate principal amount of senior unsecured notes.$1.35 billion of notes will be issued in two tranches of $750 mln of 8.00 pct Senior Notes due 2020 at an issue price of 100 pct and $600 mln of 8.75 pct Senior Notes due 2023 at an issue price of 100 pct.Sale of the Notes is expected to be completed on Dec. 18.Kindred intends to use the net proceeds from the Notes to fund the acquisition of Gentiva Health Services, Inc. (Gentiva) and for general corporate purposes.  Full Article

Kindred Healthcare Inc proposes offering of $1.35 billion of senior unsecured notes
Monday, 8 Dec 2014 07:32am EST 

Kindred Healthcare Inc:It proposes to offer $1.35 billion of senior unsecured notes to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended.The Notes are expected initially to be issued by Kindred's subsidiary, Kindred Escrow Corp. II.Kindred intends to use the net proceeds from the Notes offering to fund the acquisition of Gentiva Health Services, Inc and for general corporate purposes.  Full Article

Kindred Healthcare Inc prices public offerings of common stock and Tangible Equity Units
Wednesday, 19 Nov 2014 08:04pm EST 

Kindred Healthcare Inc:Says that it has priced concurrent underwritten public offerings of 5,000,000 shares of Kindred's common stock and 150,000 tangible equity units.The common stock component was priced at a public offering price of $19.75 per share.Each tangible equity unit has a stated amount of $1,000 and is comprised of a prepaid stock purchase contract and a share of mandatory redeemable preferred stock, each issued by the company.Each stock purchase contract is scheduled to settle on Dec. 1, 2017 for between 43.0918 and 50.6329 shares of Kindred's common stock.Says the mandatory redeemable preferred stock will have an initial liquidation preference of $201.58 and will be entitled to quarterly preferred stock installment payments at an annual rate of 7.50 pct.Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Guggenheim Securities, LLC and Morgan Stanley & Co. LLC are acting as book-running managers for the concurrent offerings.  Full Article

Kindred Healthcare Inc announces proposed public offerings of common stock and tangible equity units
Monday, 17 Nov 2014 07:43am EST 

Kindred Healthcare Inc:Launches concurrent underwritten public offerings of 5 mln shares of Kindred's common stock and 150,000 tangible equity units.Each tangible equity unit has a stated amount of $1,000 and is comprised of a prepaid stock purchase contract and a share of mandatory redeemable preferred stock, each issued by the company.Intends to grant the underwriters a 13-day over-allotment option to purchase up to an additional 22,500 tangible equity units and a 30-day over-allotment option to purchase up to an additional 750,000 shares of Kindred's common stock.Citigroup Global Markets Inc. and J.P. Morgan Securities LLC are acting as the joint book-running managers for the concurrent offerings.Intends to use the net proceeds from these offerings to fund the acquisition of Gentiva Health Services, Inc. (Gentiva) and for general corporate purposes.  Full Article

Kindred Healthcare Inc announces definitive agreement to acquire Centerre Healthcare
Wednesday, 12 Nov 2014 08:00am EST 

Kindred Healthcare Inc:Has signed a definitive merger agreement to acquire Centerre Healthcare Corp.Acquisition for purchase price of about $195 mln in cash.Centerre transaction is expected to close in Q1 of 2015.  Full Article

Kindred Healthcare Inc approves payment of quarterly cash dividend - Form 8-K
Thursday, 6 Nov 2014 08:05am EST 

Kindred Healthcare Inc:Approved payment of quarterly cash dividend to shareholders.Cash dividend of $0.12 per common share will be paid on Dec. 9 to all shareholders of record as of close of business on Nov. 18.  Full Article

BRIEF-Kindred Healthcare to acquire in-home health care operations in Arkansas

* Kindered Healthcare And The Arkansas Department Of Health Announce Definitive Agreement For Kindred To Acquire In-Home health care operations Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)