Kindred Provides Estimated Impact of Hurricanes Irma and Harvey
KINDRED HEALTH CARE (KND)
Last kindred health care earnings: 2/28 07:00 am
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US:NYSE Investor Relations:
investors.kindredhealthcare.com/investor-overview
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Source: Business Wire
LOUISVILLE, Ky.--(BUSINESS WIRE)-- Kindred Healthcare, Inc. (“Kindred” or the “Company”) (NYSE:KND) today announced that the Company expects a one-time pretax earnings impact from Hurricanes Irma and Harvey of approximately $20 million in aggregate for the third quarter of 2017. As discussed below, the Company’s impacted operations have substantially returned to normal and the Company does not expect any significant impact on its financial results in the fourth quarter of 2017 or beyond. Benjamin A. Breier, President and Chief Executive Officer of the Company, commented, “In the areas affected by the storms, Kindred has approximately 16,000 employees and operates 18 long-term acute care hospitals, approximately 100 Kindred at Home sites of service, two inpatient rehabilitation hospitals, one sub-acute unit and provides external rehabilitation therapy contract services for roughly 100 sites. In total, the
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