October 13, 2008
Kindred Healthcare Opens Hospital in Palm Beach County, Florida, and Announces Plans for New Hospital in Melbourne, Florida
Kindred Healthcare, Inc. (the "Company") (NYSE:KND) today announced the opening of Kindred Hospital The Palm Beaches in Palm Beach County, Florida, and announced plans for a new freestanding hospital in Melbourne, Florida.
Kindred Hospital The Palm Beaches is a 70-bed freestanding long-term acute care ("LTAC") hospital in Riviera Beach in Palm Beach County, Florida. The Company currently operates eight hospitals in Florida.
The Company also announced plans to open a 60-bed freestanding LTAC hospital in Melbourne, Florida. Construction has begun and the hospital is expected to open in the fourth quarter of 2009.
"We are excited about these new hospitals in Palm Beach County and Melbourne, Florida," said Paul J. Diaz, President and Chief Executive Officer of the Company. "These hospitals will further our strategic growth plans and provide new opportunities to expand in markets that need our high-quality, post-acute services."
"Kindred continues to meet the needs of patients in Florida and we look forward to serving these new markets," said Frank J. Battafarano, Kindred's Chief Operating Officer. "Patients from the Melbourne area have been traveling to Kindred's hospitals in North Florida and Fort Lauderdale for many years. This will relieve the burden of having patients and families travel for more than two hours to receive the specialized care long-term acute care hospitals provide."
About Kindred Healthcare
Kindred Healthcare, Inc. is a healthcare services company, based in Louisville, Kentucky, with annual revenues of over $4 billion and approximately 54,000 employees in 40 states. At June 30, 2008, Kindred through its subsidiaries provided healthcare services in 656 locations, including 83 long-term acute care hospitals, 228 skilled nursing centers and a contract rehabilitation services business, Peoplefirst rehabilitation services, which served 345 non-affiliated facilities. Kindred'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.