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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.
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