Last $18.56 USD
Change Today +0.35 / 1.92%
Volume 558.3K
KND On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

kindred healthcare inc (KND) Snapshot

Open
$18.30
Previous Close
$18.21
Day High
$18.66
Day Low
$18.20
52 Week High
06/10/14 - $26.81
52 Week Low
02/5/14 - $17.59
Market Cap
1.3B
Average Volume 10 Days
977.0K
EPS TTM
$0.86
Shares Outstanding
69.6M
EX-Date
11/14/14
P/E TM
21.5x
Dividend
$0.48
Dividend Yield
2.59%
Current Stock Chart for KINDRED HEALTHCARE INC (KND)

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kindred healthcare inc (KND) Details

Kindred Healthcare, Inc. provides healthcare services in the United States. It operates in four divisions: Hospital, Nursing Center, Rehabilitation, and Care Management. The Hospital division operates transitional care hospitals that provide services for medically complex patients, including the critically ill, suffering from multiple organ system failures, primarily the cardiovascular, pulmonary, kidney, gastro-intestinal, and cutaneous systems. This division also operates inpatient rehabilitation hospitals, which offer services to patients who require intensive inpatient rehabilitative care. The Nursing Center division operates nursing centers and assisted living facilities that provide short stay patients and long stay residents with a range of medical, nursing, rehabilitative, pharmacy, and routine services, including daily dietary, social, and recreational services. The Rehabilitation division provides rehabilitation services, including physical and occupational therapies, and speech pathology services to residents and patients of nursing centers, acute and long-term acute care hospitals, outpatient clinics, home health agencies, assisted living facilities, school districts, and hospice providers under the RehabCare name. The Care Management division provides home health, hospice, and private duty services to patients in various settings, including homes, skilled nursing facilities, and other residential settings. As of February 20, 2014, Kindred Healthcare, Inc. provided healthcare services in 2,280 locations, including 101 transitional care hospitals, 5 inpatient rehabilitation hospitals, 100 nursing centers, 22 sub-acute units, and 104 inpatient rehabilitation units; and 105 Kindred at Home hospice, home health, and non-medical home care locations, as well as a contract rehabilitation services business, which served, 1,789 non-affiliated facilities. The company is headquartered in Louisville, Kentucky.

40,000 Employees
Last Reported Date: 02/28/14

kindred healthcare inc (KND) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: $1.3M
President and Chief Operating Officer
Total Annual Compensation: $980.0K
Executive Vice President and President of Reh...
Total Annual Compensation: $444.3K
Compensation as of Fiscal Year 2013.

kindred healthcare inc (KND) Key Developments

Kindred Healthcare, Inc. Closes $1.35 Billion Senior Unsecured Notes Offering

Kindred Healthcare Inc. announced that it has closed its previously announced offering of $1.35 billion aggregate principal amount of senior unsecured notes. The $1.35 billion of notes were issued in two tranches of $750 million of 8.00% Senior Notes due 2020 at an issue price of 100% and $600 million of 8.75% Senior Notes due 2023 at an issue price of 100%. With the completion of this notes offering, Kindred has all necessary financing in place to fund its previously announced acquisition of Gentiva Health Services Inc. Kindred and Gentiva are now targeting a February 2, 2015 closing date, subject to satisfaction of the conditions to closing under the merger agreement between Kindred and Gentiva. The Notes were issued in a private placement to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended and to certain non-United States persons in offshore transactions in accordance with Regulation S under the Securities Act.

Kindred Healthcare Expands Borrowing Capacity Under its Revolving Credit Agreement by $150 Million

Kindred Healthcare Inc. announced that it has entered into an incremental joinder to increase the available credit capacity from $750 million to $900 million under its senior secured asset-based revolving credit facility (the “ABL Facility”). The increase in the borrowing capacity will be effective upon completion of the company’s merger with Gentiva Health Services Inc., which is expected in the first quarter of 2015. The pricing and other terms of the ABL Facility were not changed.

Kindred Healthcare Announces Offering of $1.35 Billion of Senior Unsecured Notes

Kindred Healthcare Inc. announced that it proposes to offer, subject to market and other conditions, $1.35 billion of senior unsecured notes to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended, and to certain non-United States persons in offshore transactions in accordance with Regulation S under the Securities Act. The actual terms of the Notes, including interest rate, principal amount and maturity, will be determined at the time of pricing. 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. Prior to the consummation of the acquisition of Gentiva, the Notes will be the senior secured obligations of Kindred Escrow Corp. II. Upon consummation of the acquisition of Gentiva, the Notes will be assumed by Kindred and will be fully and unconditionally guaranteed on a senior unsecured basis by substantially all of Kindred’s domestic 100% owned subsidiaries, including Gentiva and substantially all of its domestic 100% owned subsidiaries.

 

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Industry Analysis

KND

Industry Average

Valuation KND Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.2x
Price/Book 1.0x
Price/Cash Flow 21.5x
TEV/Sales NM Not Meaningful
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