Kindred Reports 21% Gain in Hospital Income in Third Quarter

Kindred Healthcare reported a 21 percent increase in hospital operating income, including an 11 percent rise in private-pay admissions, according to a release from Kindred.

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The company recorded revenue growth in all three divisions — hospitals, nursing homes and rehabilitation – with overall net income at $5.5 million and revenue up 6 percent to $1.06 billion.

Kindred said it expects to spend $45-$50 million to develop hospitals next year.

Read the release on Kindred’s third-quarter earnings.

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