LOUISVILLE, Ky.--(BUSINESS WIRE)--Nov. 7, 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 December 9, 2016 to common shareholders of
record as of the close of business on November 21, 2016.
Kindred also today announced that its Board of Directors has approved
payment in cash of the scheduled December 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 December 1, 2016 to
the preferred shareholders of record as of 5:00 p.m., New York City
time, on November 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 ability to exit the skilled nursing
facility business, as well as the Company’s ability to realize the
anticipated benefits, cost savings and strategic gains from this
initiative, 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 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 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 Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and
Current Reports on Form 8-K filed with the Securities and Exchange
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).
As of October 1, 2016, Kindred through its subsidiaries had
approximately 102,200 employees providing healthcare services in 2,702
locations in 46 states, including 82 long-term acute care hospitals, 19
inpatient rehabilitation hospitals, 91 nursing centers, 19 sub-acute
units, 647 Kindred at Home home health, hospice and non-medical home
care sites of service, 104 inpatient rehabilitation units
(hospital-based) and contract rehabilitation service businesses which
served 1,740 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 based upon Kindred consolidated revenues for the twelve
months ended September 30, 2016.
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Source: Kindred Healthcare, Inc.
Kindred Healthcare, Inc.
Todd Flowers, 502-596-6569