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Enter Symbol:
Rating: KND
Sector Perform $10

Kindred Healthcare, Inc. (NYSE: KND) downgraded to Sector Perform with price target $10 by RBC Capital Mkts

Monday,  Feb 27, 2012  11:25 AM ET by Kristen Bailey

RBC Capital Mkts downgraded Kindred Healthcare, Inc. (NYSE: KND) to Sector Perform with
price target $10. RBC Capital Mkts rated Kindred Healthcare, Inc. (NYSE: KND) to Outperform with price target $32 on 04/27/2011, when the price was $28.60.

Kindred Healthcare, Inc. is a healthcare services company that through its subsidiaries operates hospitals, nursing centers and a contract rehabilitation services business across the United States. As of December 31, 2008, the Company's hospital division operated 82 long-term acute care (LTAC) hospitals (6,482 licensed beds) in 24 states. Kindred Healthcare's health services division operated 228 nursing centers (28,525 licensed beds) in 27 states. The Company also operated a contract rehabilitation services business that provides rehabilitative services primarily in long-term care settings. Kindred Healthcare is organized into three operating divisions: the hospital division, the health services division and the rehabilitation division. In September 2008, the Company discontinued its operations in LTAC hospital in Massachusetts and California.

RBC Capital Markets is an international corporate and investment bank that provides innovative solutions and a focused set of products and services to institutions, corporations, governments and high net worth clients around the world. With nearly 3,700 professional and support staff, we operate out of 75 offices in 15 countries and deliver our products and services through operations in Asia and Australasia, the UK and Europe and in every major North American city.

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