Moody's Downgrades Kindred Healthcare (KND) CFR to 'B2'; Outlook is Stable
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Kindred Announces Agreements with Ventas Facilitating Strategic Exit from Skilled Nursing Facility Business
November 14, 2016 7:00 AM ESTLOUISVILLE, Ky.--(BUSINESS WIRE)-- Kindred Healthcare, Inc. (Kindred or the Company) (NYSE: KND) today announced that it has entered into agreements with Ventas, Inc. (Ventas) (NYSE: VTR) to facilitate the Companys previously announced plan to exit the skilled nursing facility business.
Kindred has initiated a process to sell all of its owned and leased nursing centers, which includes all 36 skilled nursing facilities (the Ventas Properties) currently leased from Ventas. The agreements with Ventas provide Kindred with the option to acquire the real estate for all of the Ventas Properties for an... More
