Tag Archives: LCC

Kindred Healthcare Announces Plans to Acquire St. Louis, Missouri Hospital

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Kindred Healthcare Announces Plans to Acquire St. Louis, Missouri Hospital

LOUISVILLE, Ky.–(BUSINESS WIRE)– Kindred Healthcare, Inc. (the “Company” or “Kindred”) (NYS: KND) today announced that it has signed an agreement to acquire the operations of Mercy Continuing Care Hospital (“Mercy”), a 54-bed transitional care hospital (licensed as a long-term acute care hospital) located in St. Louis, Missouri, from SJMDHS, LCC, a partnership between Mercy and CHRISTUS Continuing Care. Kindred expects to complete the transaction in the third quarter of 2013, pending regulatory and other approvals. Terms of the transaction were not disclosed.

Kindred has signed a lease with Mercy to relocate the operations from the current location to Mercy Hospital St. Louis, an 80-acre, 979-bed healthcare campus that contains a heart and vascular hospital, a cancer center, a comprehensive children’s hospital, a surgery center and a skilled nursing center. Kindred expects to complete the relocation in the third quarter of 2013.

In the St. Louis market, Kindred currently operates two transitional care hospitals, one inpatient rehabilitation hospital and, through its RehabCare division, two hospital-based acute rehabilitation units.

“Expanding our hospital services in St. Louis allows us to continue growing our continuum of post-acute services, enabling us to better Continue the Care for our patients throughout a post-acute episode,” said Paul J. Diaz, Kindred’s Chief Executive Officer. “We are excited that we continue to have a robust pipeline of selective opportunities to expand our continuum of services in our Integrated Care Markets that benefits our patients and our shareholders.”


About Kindred Healthcare

Kindred Healthcare, Inc., a top-125 private employer in the United States, is a FORTUNE 500 healthcare services company based in Louisville, Kentucky with annual revenues of $6 billion and approximately 78,000 employees in 46 states. At December 31, 2012, Kindred through its subsidiaries provided healthcare services in 2,203 locations, including 116 transitional care hospitals, six inpatient rehabilitation hospitals, 223 nursing and rehabilitation centers, 27 sub-acute units, 101 Kindred at Home hospice, home health and non-medical home care locations, 105 inpatient rehabilitation units (hospital-based) and a contract rehabilitation services business, RehabCare, which served 1,625 non-affiliated facilities. Ranked as one of Fortune magazine’s Most Admired Healthcare Companies for five years in a row, Kindred’s mission is to promote healing, provide hope, preserve dignity and produce value for each patient, resident, family member, customer,

From: http://www.dailyfinance.com/2013/04/11/kindred-healthcare-announces-plans-to-acquire-st-l/

Media Digest (3/20/2013) Reuters, WSJ, Financial Times

By 24/7 Wall St.

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The Office of the Comptroller of the Currency lowers its rating of J.P. Morgan Chase & Co. (NYSE: JPM) management. (Reuters)

Fannie Mae and Freddie Mac expect to pay back taxpayer money sooner than expected. (Reuters)

Microsoft Corp. (NASDAQ: MSFT) says it supports a government review of potential bribery charges. (Reuters)

Yahoo! Inc. (NASDAQ: YHOO) may buy a controlling position in video site Dailymotion. (Reuters)

Walgreen Co. (NYSE: WAG), Alliance Boots and AmerisourceBergen Corp. (NYSE: ABC) set a marriage that could affect distribution of medicines around the world. (WSJ)

Volkswagen will recall 384,181 vehicles in China. (WSJ)

American Airlines and U.S. Airways Group Inc. (NYSE: LCC) defend their plan for a merger before the Senate Judiciary Committee. (WSJ)

The HTC One will be delayed because of parts supplies, a blow to the troubled smartphone firm. (WSJ)

Cyprus and the European Union embark on plans to salvage its bailout after a deposit tax failed to get parliament support. (WSJ)

EBay Inc. (NASDAQ: EBAY) will make its seller fees simpler in an effort to compete with Amazon.com Inc. (NASDAQ: AMZN). (WSJ)

Anadarko Petroleum Corp. (NYSE: APC) finds what it claims is a huge oil field in the Gulf of Mexico. (FT)

Filed under: 24/7 Wall St. Wire, Press Digest Tagged: ABC, AMZN, APC, EBAY, JPM, LCC, MSFT, WAG, YHOO

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Source: FULL ARTICLE at DailyFinance

Syrian forces escalate offensive in Homs

Syria‘s army unleashed a barrage of rocket and artillery fire on rebel-held areas in a central province Friday as part of a widening offensive against fighters seeking to oust President Bashar Assad. At least 80 people were killed in fighting nationwide, according to activist groups.

The United Nations said a record number of Syrians streamed into Jordan this month, doubling the population of the kingdom’s already-cramped refugee camp to 65,000. Over 30,000 people arrived in Zaatari in January — 6,000 in the past two days alone, the U.N. said.

The newcomers are mostly families, women, children and elderly who fled from southern Syria, said Melissa Fleming, spokeswoman for the United Nations High Commissioner for Refugees. She said the UNHCR was working with the Jordanian government to open a second major camp nearby by the end of this month.

Many of the new arrivals at Zaatari are from the southern town of Daraa, where the uprising against Assad first erupted nearly two years ago, the Britain-based Save the Children said Friday.

Five buses, crammed with “frightened and exhausted people who fled with what little they could carry,” pull up every hour at the camp, said Saba al-Mobasat, an aid worker with Save the Children.

The exodus reflected the latest spike in violence in Syria‘s civil war. The conflict began in March 2011 after a peaceful uprising against Assad, inspired by the Arab Spring wave of revolutions that toppled leaders in Tunisia, Egypt, Libya and Yemen, turned violent.

Activists said the army recently brought in military reinforcements to the central province of Homs and launched a renewed offensive aimed at retaking patches of territory that have been held by rebels for months.

An amateur video posted online by activists showed rockets slamming into buildings in the rebel-held town of Rastan, just north of the provincial capital, Homs. Heavy gunfire could be heard in the background.

Another video showed thick black and gray smoke rising from a building in the besieged city. “The city of Homs is burning … day and night, the shelling of Homs doesn’t stop,” the narrator is heard saying.

Troops also battled rebels around Damascus in an effort to dislodge opposition fighters who have set up enclaves in surrounding towns and villages. The troops fired artillery shells Friday at several districts, including Zabadani and Daraya, according to the Britain-based Syrian Observatory for Human Rights.

Another activist group, the Local Coordination Committees, said regime warplanes carried out airstrikes on the suburb of Douma, the largest patch of rebel-held ground near Damascus.

The Observatory, which like the LCC relies on a network of activists around Syria, said at least 80 people were killed in violence across the country Friday, including 11 in Homs.

Other video showed devastation in the Damascus neighborhood of Arbeen, following what activists said were two airstrikes there. A bleeding, wounded man can be seen being helped out of the rubble of the destroyed building. The videos appeared consistent with Associated Press reporting on the fighting.

Last month, the UNHCR said it needed $1 billion to aid Syrians in the Mideast, and that half of that money was required to help refugees in Jordan.

The agency says 597,240 refugees have registered or are awaiting registration with the UNHCR in Turkey, Lebanon, Jordan, Iraq and Egypt. Some countries have higher estimates, noting many Syrians have found accommodations without registering, relying on their own resources and savings.

In a rare gesture, Syria‘s Interior Ministry called on those who fled the country during the civil war to return, including regime opponents. It said the government will help hundreds of thousands of citizens return whether they left “legally or illegally.”

Syrian opposition figures abroad who want to take part in reconciliation talks will also be allowed back, according to a ministry statement carried late Thursday by the state SANA news agency.

If they “have the desire to participate in the national dialogue, they would be allowed to enter Syria,” it said.

The proposed talks are part of Assad’s initiative to end the conflict that started as peaceful protests in March 2011 but turned into a civil war. Tens of thousands of activists, their family members and opposition supporters remain jailed by the regime, according to international activist groups.

Opposition leaders repeatedly have rejected any talks that include Assad, insisting he must step down. The international community backs that demand, but Assad has clung to power, vowing to crush the armed opposition.

More than 60,000 people have been killed since the conflict began, according to the U.N.

Activists also said two cars packed with explosives blew up near a military intelligence building in the Syrian-controlled part of the Golan Heights, killing eight. Most of the dead were members of the Syrian military, the Observatory said.

The Syrian government had no comment on the attacks, which occurred Thursday night in the town of Quneitra, and nobody claimed responsibility for them.

Car bombs and suicide attacks targeting Syrian troops and government institutions have been the hallmark of Islamic militants fighting in Syria alongside rebels trying to topple Assad.

Quneitra is on the cease-fire line between Syria and Israel, which controls most of the Golan Heights after capturing the strategic territory from Syria in the 1967 war.

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Associated Press writers Albert Aji in Damascus, Syria, and Zeina Karam in Beirut contributed to this report.

Source: FULL ARTICLE at Fox World News