KINDRED HEALTHCARE, INC. (NYSE:KND) Files An 8-K Results of Operations and Financial Condition
Item2.02.
|
Results of Operations and Financial Condition. |
On February27, 2017, Kindred Healthcare, Inc. (the Company)
issued a press release announcing its financial results for the
fourth quarter and fiscal year ended December31, 2016. The press
release, dated February27, 2017, is attached as Exhibit 99.1 to
this Form 8-K. On February27, 2017, the Company also made the
press release available on its website at
www.kindredhealthcare.com.
The information contained herein is being furnished to Item2.02
of Form 8-K, Results of Operations and Financial Condition. This
information shall not be deemed filed for purposes of Section18
of the Securities Exchange Act of 1934, as amended (the Exchange
Act), or incorporated by reference in any filing under the
Securities Act of 1933, as amended (the Securities Act), or the
Exchange Act, nor shall this information be deemed incorporated
by reference into any filing made by the Company under the
Securities Act or the Exchange Act, except as expressly set forth
by specific reference in such a filing.
| Item7.01. | Regulation FD Disclosure. |
Incorporated by reference is Exhibit 99.1 attached hereto, a
press release issued by the Company on February27, 2017
announcing its financial results for the fourth quarter and
fiscal year ended December31, 2016. This information is being
furnished under Item7.01 and shall not be deemed filed for
purposes of Section18 of the Exchange Act, or otherwise subject
to the liability of such section nor shall this information be
deemed incorporated by reference into any filing made by the
Company under the Securities Act or the Exchange Act, except as
expressly set forth by specific reference in such a filing.
| Item8.01. | Other Events. |
On February27, 2017, the Company issued an additional press
release announcing that its Board of Directors approved the
payment of a cash dividend to its common shareholders. A cash
dividend of $0.12 per common share will be paid on March31, 2017
to all common shareholders of record as of the close of business
on March13, 2017. The press release further announced that the
Companys Board of Directors has determined, following payment of
the March31, 2017 cash dividend to the Companys common
shareholders, to discontinue the Companys cash dividend on its
common shares and redirect the funds to repay debt and invest in
growth.
The press release also announced that the Companys Board of
Directors approved the scheduled March1, 2017 installment payment
of $18.75 per share of the Companys Mandatory Redeemable
Preferred Stock, Series A. The installment payment will be paid
on March1, 2017 to the preferred shareholders of record as of
5:00 p.m., New York City time, on February15, 2017.
A copy of the press release is attached hereto as Exhibit 99.2
and incorporated herein by reference.
| Item9.01. | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit99.1 | Press release (earnings) dated February27, 2017. | |
| Exhibit99.2 | Press release (dividend) dated February27, 2017. |
About KINDRED HEALTHCARE, INC. (NYSE:KND)
Kindred Healthcare, Inc. is a healthcare services company. The Company operates through four divisions, including the hospital division, the Kindred at Home division, the Kindred Rehabilitation Services division and the nursing center division. Its divisions represent over six segments, including hospitals, home health services, hospice services, Kindred Hospital Rehabilitation Services, RehabCare and nursing centers. The Company’s hospital division provides long-term acute care services through the operation of a national network of approximately 95 transitional care (TC) hospitals. Its Kindred at Home division provides home health, hospice, and community care services. Its Kindred Rehabilitation Services division operates inpatient rehabilitation hospitals (IRFs) and acute rehabilitation units (ARUs), and provides rehabilitation services. Its nursing center division provides care through the operation of a national network of approximately 90 nursing centers. KINDRED HEALTHCARE, INC. (NYSE:KND) Recent Trading Information
KINDRED HEALTHCARE, INC. (NYSE:KND) closed its last trading session 00.00 at 7.85 with 1,645,232 shares trading hands.