Kindred Healthcare, the largest diversified post-acute provider in the U.S., is laying the groundwork to grow in the 15 metropolitan markets where its facilities provide integrated care.
The Louisville-based company announced Wednesday that it had amended its $750 million revolving credit facility and $785 million term loan in order increase its borrowing capacity and flexibility. Kindred CEO Paul Diaz said in a news release that those moves, along with the proceeds from selling assets outside those areas, “creates significant capital resources to expand our Integrated Care Markets and acquire additional home health and hospice operations, while still returning capital to our shareholders through a dividend.”