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Kindred Healthcare Announces Hospital Openings In Two Cluster Markets

Stocks in this article: KND

Kindred Healthcare, Inc. (“Kindred”) (NYSE:KND) today announced the opening of a new hospital in Seattle, Washington, and the relocation of an existing hospital in the Las Vegas, Nevada, market. These projects expand Kindred’s capacity to provide a continuum of post-acute care in two key cluster markets.

In downtown Seattle, Kindred has opened Kindred Hospital Seattle-First Hill, a 50-bed freestanding long-term acute care (“LTAC”) hospital with six intensive care unit beds in all private, state of the art rooms. Kindred will be opening a 30-bed co-located hospital-based sub-acute unit offering transitional care services by the end of the year. This is Kindred’s second LTAC hospital in Seattle. Kindred Hospital Seattle-Northgate is a 30-bed hospital with a 30-bed co-located hospital-based sub-acute unit. In addition, Kindred operates two nursing and rehabilitation centers in the Seattle market.

Kindred also recently opened Kindred Hospital-Las Vegas at St. Rose Dominican Hospitals-Rose de Lima Campus in Henderson, Nevada, a suburb of Las Vegas. The LTAC hospital replaces a hospital that was located in Desert Springs Hospital in Las Vegas. The new hospital has 28 LTAC beds and six private rooms dedicated to intensive care. The hospital serves a new portion of the Las Vegas metro area and compliments Kindred’s two existing hospitals in Las Vegas. In addition to the hospitals, Kindred currently operates one co-located hospital based sub-acute unit, two nursing and rehabilitation centers, two home health locations and two hospice locations in the Las Vegas market.

“We are committed to continuing to develop high quality, cost-effective healthcare services in markets that we believe can benefit from the continuum of services Kindred provides and the opportunity for us to 'Continue the Care' for our patients through an entire episode of treatment and recovery,” said Paul J. Diaz, President and Chief Executive Officer of Kindred. “Seattle and Las Vegas are examples of cluster markets where we are continuing to look for opportunities to expand our continuum of services that benefits our patients and their families.”

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