Kindred Healthcare (Louisville, Kentucky) has closed the concurrent underwritten public offerings of 5,000,000 shares of Kindred's common stock and 150,000 tangible equity units. The company granted the underwriters a 30-day over-allotment option to purchase up to an additional 750,000 shares of Kindred's common stock and a 13-day over-allotment option to purchase up to an additional 22,500 tangible equity units. Citigroup Global Markets, J.P. Morgan Securities, Guggenheim Securities, and Morgan Stanley & Co. acted as book-running managers for the concurrent offerings.
Kindred intends to use the net proceeds from these offerings to fund the acquisition of Gentiva Health Services (Atlanta) and for general corporate purposes. //