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Stock Market & Financial Investment News

News Breaks
January 7, 2013
17:36 EDTKNDKindred Healthcare reaffirms FY13 cash flow $230M-$250M
The company re-affirmed its operating cash flow guidance for 2013 at a range between $230M- $250M. Estimated routine capital expenditures for 2013 are expected to range from $120M-$130M, unchanged from previous guidance. In addition to its routine capital expenditures, the company re-affirmed that its development of new or replacement transitional care hospitals, transitional care centers, and inpatient rehabilitation hospitals will approximate $20M-$30M in 2013. Operating cash flows in excess of the company's routine and development capital spending programs, which are expected to remain at approximately $90M for 2013, will be available to repay debt and fund acquisitions.
News For KND From The Last 14 Days
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November 19, 2014
20:07 EDTKNDKindred Healthcare 5M share Secondary priced at $19.75
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November 17, 2014
07:48 EDTKNDKindred Healthcare files to sell 5M shares of stock and tangible equity units
Kindred Healthcare announced that it has launched concurrent underwritten public offerings of 5,000,000 shares of Kindred's common stock and 150,000 tangible equity units. Each tangible equity unit has a stated amount of $1,000 and is comprised of a prepaid stock purchase contract and a share of mandatory redeemable preferred stock, each issued by the Company. Citigroup Global Markets Inc. and J.P. Morgan Securities LLC are acting as the joint book-running managers for the concurrent offerings.
November 12, 2014
08:01 EDTKNDKindred Healthcare to acquire Centerre Healthcare for $195M in cash
Kindred Healthcare announced that it has signed a definitive merger agreement to acquire Centerre Healthcare Corporation, a national company dedicated to operating Inpatient Rehabilitation Hospitals, for a purchase price of approximately $195M in cash. Centerre currently operates 11 Inpatient Rehabilitation Hospitals with 612 beds in partnership with some of the nationís leading acute care hospital systems through joint ventures. Centerre has two additional hospitals with a total of 90 beds under construction and scheduled to open in 2015, and a pipeline of additional potential hospitals in various stages of development.

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