Kindred Healthcare to Explore Sale

Kindred Healthcare  (KND) , the country's largest home health, hospice and community care provider is looking to sell itself, sources told Reuters. Kindred has been working with investment banks during the sales process, which is still in its early stages, sources said. 

A significant portion of Kindred's business comes from Medicare patients, a group whose status is seen as volatile given the Trump administration's attempts to cut back on Medicare spending. 

The stock has fallen more than 36% over the past 12 months, but Friday the stock was up 1% in early morning trading Friday. 

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