Kindred uses revolver borrowings to fund asset purchases

By Sara Rosenberg

New York, Feb 28 - Kindred Healthcare Inc. used borrowings under its existing revolving credit facility to fund the acquisition of long-term acute care hospitals, skilled nursing facilities and assisted living facilities from Commonwealth Communities Holdings LLC for $125 million in cash, according to a company news release.

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

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