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Stock impact report

Kindred Completes Additional Transaction Closing for Its Skilled Nursing Facility Business Divestiture

KINDRED HEALTH CARE (KND) 
Last kindred health care earnings: 2/28 07:00 am Check Earnings Report
Company Research Source: Business Wire
Sale Proceeds from the Additional Transaction Closing Approximated $108 Million Transaction Closing Covered 12 Skilled Nursing Facilities and Four Assisted Living Facilities Held for Sale LOUISVILLE, Ky.--(BUSINESS WIRE)-- Kindred Healthcare, Inc. (“Kindred” or the “Company”) (NYSE:KND) today announced that it has completed an additional transaction closing (the “Closing”) related to its previously announced agreement with BM Eagle Holdings, LLC, a joint venture led by affiliates of BlueMountain Capital Management, LLC (“BlueMountain”), to sell the Company’s skilled nursing facility business for $700 million in cash. The Closing included 12 skilled nursing facilities and four assisted living facilities. Sale proceeds from the Closing were approximately $108 million. To date, the Company has completed the sale to BlueMountain and affiliated buyers of 66 skilled nursing facilities and Show less Read more
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