$700 Million in Skilled Nursing Facilities in Flux as Kindred Healthcare Exits Business

Kindred Healthcare Inc. (NYSE:KND) completed the first closing related to its previously announced deal to sell its skilled nursing facility business for $700 million in cash to affiliates of BlueMountain Capital Management. This past week, Louisville-based Kindred completed the sale of 54 of its skilled nursing facilities in 10 states. Sale proceeds from the closing were approximately $519 million. According to Benjamin A. Breier, president…

Leave a Reply