Key Developments: Kindred Healthcare Inc (KND)

KND on New York Consolidated

20.63USD
28 Aug 2015
Change (% chg)

$-0.04 (-0.19%)
Prev Close
$20.67
Open
$20.59
Day's High
$20.74
Day's Low
$20.43
Volume
524,554
Avg. Vol
785,745
52-wk High
$24.66
52-wk Low
$16.94

Search Stocks

Latest Key Developments (Source: Significant Developments)

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

Kindred Healthcare Inc narrows FY 2014 net income guidance to a range in line with analysts' estimates
Wednesday, 5 Nov 2014 06:30pm EST 

Kindred Healthcare Inc:Says it reaffirmed and narrowed its FY 2014 guidance for income from continuing operations of between $59 million and $65 million.FY 2014 net income of $65.51 million - Thomson Reuters I/B/E/S.  Full Article

Kindred Healthcare Inc names Benjamin A. Breier Chief Executive Officer
Thursday, 30 Oct 2014 04:30pm EDT 

Kindred Healthcare Inc:Says that Benjamin A. Breier will become Chief Executive Officer on March 31, 2015, succeeding Paul J. Diaz who will become Executive Vice Chairman of the Kindred Board of Directors.Breier will also become a member of Kindred's Board of Directors, effective March 31, 2015.  Full Article

Kindred Healthcare Inc declares regular quarterly cash dividend
Wednesday, 6 Aug 2014 06:15pm EDT 

Kindred Healthcare Inc:Declares regular quarterly cash dividend of $0.12 per share.Payable on Sept. 10 to shareholders of record on Aug. 20.  Full Article

Kindred Healthcare affirms FY 2014 guidance
Wednesday, 6 Aug 2014 06:15pm EDT 

Kindred Healthcare Inc:Affirmed its previous guidance for income from continuing operations for FY 2014 of between $58 and $68 million.FY 2014 net income of $62 million - Thomson Reuters I/B/E/S.  Full Article

What to Watch in the Day Ahead - Wednesday, May 6

A survey of private payrolls for April will give an early snapshot into the larger employment situation ahead of the U.S. Labor Department's more comprehensive non-farm payrolls report on Friday. Private payrolls processor ADP is expected to report that private firms added 200,000 jobs last month, a rise from the 189,000 jobs added in March. (0815/1215) Separately, the U.S. Labor Department will release data on productivity at U.S. non-farm businesses in the first quarter of the year. Analysts p

Search Stocks