KINDRED HEALTHCARE OPENS HOSPITAL IN OCALA, FLORIDA, AND ANNOUNCES PLANS FOR NEW HOSPITAL IN CLEVELAND, OHIO
Louisville, KY (November 16, 2005) – Kindred Healthcare, Inc. (the “Company”) (NYSE: KND) today announced the opening of Kindred Hospital Ocala in Ocala, Florida, and announced plans to open a freestanding hospital in Cleveland, Ohio.
Kindred Hospital Ocala is a 31-bed hospital-in-hospital (“HIH”) located within Munroe Regional Medical Center.
The Company is planning a 72-bed freestanding long-term acute care hospital with a co-located 40-bed subacute unit in Cleveland. The Company will lease the facility from the Benjamin Rose Institute, a non-profit health and social service agency that helps older people age with dignity. The hospital is expected to open in the fourth quarter of 2006 after completion of renovations and the receipt of certain regulatory approvals. The Company currently operates a HIH in Cleveland under the name Kindred Hospital - Cleveland.
“We are pleased to have this opportunity to work with Kindred in this re-use of our facilities consistent with our mission of helping people regain and maintain their health and wellness,” said Richard Browdie, President and CEO of Benjamin Rose Institute.
“We are excited about the hospital division’s business development efforts and the fact we are executing on our growth plans,” said Paul J. Diaz, President and Chief Executive Officer of the Company. “The planned hospital and co-located subacute unit in Cleveland reflects our continued goal of meeting the medical needs of our patients in the communities we serve.”
Kindred Healthcare, Inc. through its subsidiaries operates hospitals, nursing centers, institutional pharmacies and a contract rehabilitation services business across the United States.
CONTACT:
Susan E. Moss
Vice President of Corporate Communications
(502) 596-7296
