Kindred Healthcare, Inc.
Industry: Healthcare Facilities

Kindred Healthcare is a national provider of long-term healthcare services primarily operating nursing centers and hospitals.

Business Summary
Kindred Healthcare, Inc. is a healthcare services company that primarily operates hospitals, nursing centers and institutional pharmacies. During 2003, the Company was organized into three operating divisions: the hospital division, the health services division and the pharmacy division. The hospital division primarily operates long-term acute care hospitals. On December 31, 2003, the division operated 66 hospitals (5,219 licensed beds) in 23 states. Kindred's health services division operates 255 nursing centers (32,927 licensed beds) in 30 states and a rehabilitation therapy business. The pharmacy division provides institutional pharmacy services to nursing centers and other healthcare providers. As of December 31, 2003, the division operated 30 pharmacies in 19 states.

Financial Summary
KIND provides healthcare services primarily for the elderly, operating long-term acute care hospitals and nursing centers, providing rehabilitation therapies, medical and pharmacy management services. For the 6 months ended 6/30/04, revenues rose 9% to $1.77B. Net income from cont. ops. totaled $40.5M, up from $15.7M. Revenues reflect increased admissions and higher prices. Higher income also reflects improved labor cost efficiencies.