Kindred Healthcare sees FY13 continuing operations EPS $1.10-$1.30 Consensus $1.21. Sees FY13 consolidated revenue approximately $5.9B, consensus $5.91B. Sees FY13 EBITDA and rent $794M-$810M. Sees rent expense approximately $387M. Re-affirms FY13 operating cash flow guidance of $230M-$250M. Sees FY13 CapEx $120M-$130M.
Gentiva Health stockholders approve combo with Kindred Healthcare Gentiva Health Services (GTIV) announced that all proposals necessary for the combination with Kindred Healthcare (KND) were approved by Gentiva’s stockholders at the company’s Special Meeting of Stockholders. Gentiva and Kindred expect to complete the transaction on February 2. As previously announced, on October 9, Kindred and Gentiva entered into a definitive agreement under which Kindred will combine with Gentiva for $14.50 per share in cash and 0.257 shares of Kindred common stock based upon an agreed upon fixed exchange ratio.
BofA/Merrill healthcare facilities analyst analyst/industry conference call Healthcare Facilities & Managed Care Analyst Bressler discusses the legislative and regulatory outlook for the industry for 2015 on an Analyst/Industry conference call to be held on January 23 at 2 pm.