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Kindred Healthcare Inc (KND)

KND on New York Consolidated

9.15USD
19 Jan 2018
Change (% chg)

$-0.25 (-2.66%)
Prev Close
$9.40
Open
$9.30
Day's High
$9.45
Day's Low
$9.15
Volume
1,393,778
Avg. Vol
1,651,758
52-wk High
$11.90
52-wk Low
$5.50

Latest Key Developments (Source: Significant Developments)

Kindred Healthcare q4 gaap loss per share $0.23 from continuing operations
Monday, 27 Feb 2017 04:30pm EST 

Kindred Healthcare Inc : Kindred healthcare reports fourth quarter 2016 results . Company establishes outlook for 2017 and 2018 . Q4 gaap loss per share $0.23 from continuing operations . Q4 earnings per share view $0.06 -- Thomson Reuters I/B/E/S . Continue to advance strategic initiative to divest skilled nursing center business . Sees 2017 annual revenues of $7.2 billion, with a range of $7.1 billion to $7.3 billion . Sees 2017 core diluted eps from continuing operations of $0.55, with a range of $0.40 to $0.70 per share . 2017 outlook assumes company's skilled nursing facility business is operated for entire year . Sees 2018 annual revenues of approximately $6.3 billion . Sees 2018 core diluted eps from continuing operations of approximately $0.80 .Kindred healthcare-board determined to discontinue co's quarterly cash dividend on common stock and redirect funds to repay debt and invest in growth.  Full Article

Kindred announces agreements with Ventas Inc
Monday, 14 Nov 2016 07:00am EST 

Kindred Healthcare Inc : Kindred Healthcare Inc - expect our exit from skilled nursing facility business to be accretive to earnings . Kindred Healthcare Inc - expect after-tax net proceeds from sale of assets will range from $100 million to $300 million after transaction costs . Kindred Healthcare Inc - expect to apply anticipated net proceeds to reduce funded debt . Kindred Healthcare Inc - will continue to operate ventas properties as it works to sell them to new owners/operators .Press release - kindred announces agreements with ventas facilitating strategic exit from skilled nursing facility business.  Full Article

Kindred Healthcare reaffirms FY outlook
Thursday, 4 Aug 2016 04:30pm EDT 

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
Monday, 20 Jun 2016 05:00pm EDT 

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
Tuesday, 14 Jun 2016 04:30pm EDT 

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
Thursday, 9 Jun 2016 05:00pm EDT 

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

Deals of the day-Mergers and acquisitions

Dec 28 The following bids, mergers, acquisitions and disposals were reported by 2030 GMT on Thursday: