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Kindred Healthcare Expands Borrowing Capacity by $100 Million

^{Published on 2010-12-13 04:45:17 - Market Wire}
 

LOUISVILLE, Ky.--([ BUSINESS WIRE ])--Kindred Healthcare, Inc. (the aCompanya) (NYSE: KND) today announced that it has successfully completed an amendment to its revolving credit agreement (the aCredit Agreementa) to increase the available credit capacity from $500 million to $600 million. In connection with the amendment, the Company agreed to a 50 basis points increase to the floating interest rate pricing levels under the Credit Agreement.

"The $100 million of additional credit capacity will allow us to continue to expand our continuum of post-acute care services in our key cluster markets and pursue other strategic development and acquisition opportunities."

Paul J. Diaz, President and Chief Executive Officer of the Company, commented, aThe $100 million of additional credit capacity will allow us to continue to expand our continuum of post-acute care services in our key cluster markets and pursue other strategic development and acquisition opportunities.a

About Kindred Healthcare

Kindred Healthcare, Inc., a top-200 private employer in the United States, is a FORTUNE 500 healthcare services company based in Louisville, Kentucky with annual revenues of over $4.2 billion and approximately 54,700 employees in 40 states. At September 30, 2010, Kindred through its subsidiaries provided healthcare services in 650 locations, including 83 long-term acute care hospitals, 226 nursing and rehabilitation centers and a contract rehabilitation services business, Peoplefirst rehabilitation services, which served 341 non-affiliated facilities. Ranked as one of Fortune magazinea™s Most Admired Healthcare Companies in 2009 and 2010, Kindreda™s mission is to promote healing, provide hope, preserve dignity and produce value for each patient, resident, family member, customer, employee and shareholder we serve. For more information, go to [ www.kindredhealthcare.com ].