Kindred Healthcare increases revolver capacity by $100 million

By Angela McDaniels

Seattle, Feb. 6 - Kindred Healthcare Inc. said it has increased the credit capacity available under its revolving credit facility to $400 million from $300 million.

"The additional $100 million of borrowing capacity provides us with the flexibility to continue to pursue our strategic development and acquisition plans," chief executive officer Paul J. Diaz said in a company news release.

"We continue to grow all four of our businesses through the planned acquisition of Commonwealth Communities Holdings LLC, new hospital development and pharmacy acquisitions."

Kindred is a Louisville, Ky., operator of hospitals, nursing centers, institutional pharmacies and a contract rehabilitation services business.

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