LOUISVILLE, Ky.--(BUSINESS WIRE)--Nov. 4, 2015--
Kindred Healthcare, Inc. (“Kindred” or the “Company”) (NYSE:KND) today
announced that its Board of Directors approved the payment of a cash
dividend of $0.12 per common share to its common shareholders. The
dividend will be paid on December 11, 2015 to common shareholders of
record as of the close of business on November 18, 2015.
Kindred also today announced that its Board of Directors has approved
payment in cash of the scheduled December 1, 2015 installment payment of
$18.75 per share of the Company’s Mandatory Redeemable Preferred Stock,
Series A. The installment payment will be paid on December 1, 2015 to
the preferred shareholders of record as of 5:00 p.m., New York City
time, on November 15, 2015.
Future declarations of dividends and installment payments will be
subject to the approval of Kindred’s Board of Directors.
This press release includes forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. These
forward-looking statements include, but are not limited to, statements
regarding the Company’s expected future financial position, results of
operations, cash flows, dividends, financing plans, business strategy,
budgets, capital expenditures, competitive positions, growth
opportunities, plans and objectives of management, and statements
containing the words such as “anticipate,” “approximate,” “believe,”
“plan,” “estimate,” “expect,” “project,” “could,” “would,” “should,”
“will,” “intend,” “may,” “potential,” “upside,” and other similar
expressions. Statements in this press release concerning the Company’s
business outlook or future economic performance, anticipated
profitability, revenues, expenses, dividends or other financial items,
and product or services line growth, together with other statements that
are not historical facts, are forward-looking statements that are
estimates reflecting the best judgment of the Company based upon
currently available information.
Such forward-looking statements are inherently uncertain, and
stockholders and other potential investors must recognize that actual
results may differ materially from the Company’s expectations as a
result of a variety of factors. Such forward-looking statements are
based upon management’s current expectations and include known and
unknown risks, uncertainties and other factors, many of which the
Company is unable to predict or control, that may cause the Company’s
actual results, performance or plans to differ materially from any
future results, performance or plans expressed or implied by such
forward-looking statements. These statements involve risks,
uncertainties and other factors detailed from time to time in the
Company’s filings with the Securities and Exchange Commission.
Other factors that may affect the Company’s plans, results or stock
price are set forth in the Company’s Annual Report on Form 10-K,
Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
Many of these factors are beyond the Company’s control. The Company
cautions investors that any forward-looking statements made by the
Company are not guarantees of future performance. The Company disclaims
any obligation to update any such factors or to announce publicly the
results of any revisions to any of the forward-looking statements to
reflect future events or developments.
About Kindred Healthcare
Kindred Healthcare, Inc., a top-95 private employer in the United
States, is a FORTUNE 500 healthcare services company based in
Louisville, Kentucky with annual revenues of approximately $7.2 billion(1).
At September 30, 2015, Kindred through its subsidiaries had
approximately 102,200 employees providing healthcare services in 2,723
locations in 47 states, including 95 transitional care hospitals, 18
inpatient rehabilitation hospitals, 90 nursing centers, 20 sub-acute
units, 626 Kindred at Home home health, hospice and non-medical home
care sites of service, 101 inpatient rehabilitation units
(hospital-based) and a contract rehabilitation services business,
RehabCare, which served 1,773 non-affiliated sites of service. Ranked as
one of Fortune magazine’s Most Admired Healthcare Companies for six
years, Kindred’s mission is to promote healing, provide hope, preserve
dignity and produce value for each patient, resident, family member,
customer, employee and shareholder we serve. For more information, go to www.kindredhealthcare.com.
You can also follow us on Twitter
Revenues were computed by combining the twelve months ended December
31, 2014 data for Kindred, Gentiva Health Services, Inc., which was
acquired by the Company on February 2, 2015, and Centerre Healthcare
Corporation, which was acquired by the Company on January 1, 2015.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151104006729/en/
Source: Kindred Healthcare, Inc.
Kindred Healthcare, Inc.
Susan E. Moss, 502-596-6569