LOUISVILLE, Ky.--(BUSINESS WIRE)--Feb. 25, 2016--
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 April 1, 2016 to common shareholders of record
as of the close of business on March 10, 2016.
Kindred also today announced that its Board of Directors has approved
payment in cash of the scheduled March 1, 2016 installment payment of
$18.75 per share of the Company’s Mandatory Redeemable Preferred Stock,
Series A. The installment payment will be paid on March 1, 2016 to the
preferred shareholders of record as of 5:00 p.m., New York City time, on
February 15, 2016.
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, all
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, government
investigations, regulatory matters, 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, product or services line
growth, and expected outcome of government investigations and other
regulatory matters, 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
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 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-90 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 December 31, 2015, Kindred through its subsidiaries had approximately
102,000 employees providing healthcare services in 2,692 locations in 46
states, including 95 transitional care hospitals, 18 inpatient
rehabilitation hospitals, 90 nursing centers, 19 sub-acute units, 604
Kindred at Home home health, hospice and non-medical home care sites of
service, 100 inpatient rehabilitation units (hospital-based) and a
contract rehabilitation services business, RehabCare, which served 1,766
non-affiliated sites of service. Ranked as one of Fortune magazine’s
Most Admired Healthcare Companies for seven 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.
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Revenues were computed by combining the twelve months ended December
31, 2015 data for Kindred and one month ended January 2015 data for
Gentiva Health Services, Inc., which was acquired by the Company on
February 2, 2015.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160225006757/en/
Source: Kindred Healthcare, Inc.
Kindred Healthcare, Inc.
Todd Flowers, 502-596-6569