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Louisville, Ky.-based Kindred Healthcare, a publicly traded operator of long-term acute-care hospitals and nursing and rehabilitation centers, experienced a drop in profits for the last quarter of 2009, the company reported this week.

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Kindred reported a profit of $19.3 million compared with a profit of $21.2 million in the prior-year quarter. Revenue rose 3 percent to $1.07 billion, according to a story in the Louisville Courier-Journal.

The fourth quarter results were better than expected in a difficult reimbursement environment, Kindred CEO Paul Diaz said in a written statement.

Read the Louisville Courier-Journal story on Kindred’s fourth quarter.

 

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