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Stock Market & Financial Investment News

News Breaks
February 17, 2014
16:02 EDTKNDKindred Healthcare names C. Scott Blanchette CIO
Kindred Healthcare announced the appointment of C. Scott Blanchette as Chief Information Officer, effective February 17. He succeeds Richard Chapman, who retired effective December 31, 2013. Blanchette most recently served as Senior Vice President and Chief Information Officer for Vanguard Health Systems, where he was Senior Vice President and Chief Information Officer since 2011.
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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