Kindred Healthcare Opens New Hospital in Cleveland, Ohio, and Institutional Pharmacies in San Antonio, Texas, and Fredericksburg, Virginia.Plans Announced for New Hospital in San Antonio San Antonio (săn ăntō`nēō, əntōn`), city (1990 pop. 935,933), seat of Bexar co., S central Tex., at the source of the San Antonio River; inc. 1837. LOUISVILLE, Ky. -- Kindred Healthcare, Inc. (the "Company") (NYSE NYSE See: New York Stock Exchange : KND KND Kids Next Door (cartoon) KND Kindu, Democratic Republic of the Congo (IATA Airport Code) ) today announced the opening of Kindred Hospital - Cleveland in Cleveland, Ohio. In addition, the Company announced plans for a new freestanding hospital in San Antonio, Texas “San Antonio” redirects here. For other uses, see San Antonio (disambiguation). San Antonio is the second most populous city in Texas, the third most populous metropolitan area in Texas, and is the seventh most populous city in the United States. As of the 2006 U.S. . The Company also announced that its pharmacy division, Kindred Pharmacy Services ("KPS KPs keratic precipitates. "), has opened new pharmacy locations in San Antonio and Fredericksburg, Virginia. Kindred Hospital - Cleveland is a 68-bed freestanding long-term acute care ("LTAC') hospital with a co-located 40-bed subacute unit. The Company leases the facility from the Benjamin Rose Institute, a non-profit health and social service agency that helps older people age with dignity. The Company currently operates a hospital-in-hospital in Cleveland under the name Kindred Hospital - Cleveland - Gateway. The Company also announced that it intends to open a 70-bed freestanding LTAC LTAC Long-Term Acute Care LTAC Literary Translators' Association of Canada LTAC Light Tactical hospital in San Antonio. The hospital is expected to open in the second quarter of 2008 after construction and the receipt of certain regulatory approvals. The Company currently operates a freestanding LTAC hospital in San Antonio under the name Kindred Hospital - San Antonio. KPS San Antonio is an institutional pharmacy that will serve affiliated and non-affiliated long-term care long-term care (LTC), n the provision of medical, social, and personal care services on a recurring or continuing basis to persons with chronic physical or mental disorders. providers in the San Antonio market. KPS also operates two additional institutional pharmacy locations in Texas. KPS Fredericksburg will serve non-affiliated long-term care providers in the Fredericksburg market. In addition to the new pharmacy in Fredericksburg, KPS also operates an institutional pharmacy in Virginia Beach. "We are pleased with our continued development efforts, including these new hospital and pharmacy locations," said Paul J. Diaz, President and Chief Executive Officer of the Company. "Our new Cleveland hospital is another example of our efforts to cluster our hospital and nursing center operations to better meet the high acuity post-acute needs of the markets we currently serve." About Kindred Healthcare Kindred Healthcare, Inc. (NYSE: KND) is a Fortune 500 healthcare services company, based in Louisville, Kentucky, with annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. revenues of $4.3 billion that provides services in over 500 locations in 39 states. Kindred through its subsidiaries operates long-term acute care hospitals, skilled nursing centers, institutional pharmacies and a contract rehabilitation services business, Peoplefirst Rehabilitation Services, across the United States. Kindred's 55,000 employees are committed to providing high quality patient care and outstanding customer service to become the most trusted and respected provider of healthcare services in every community we serve. For more information, go to www.kindredhealthcare.com. |
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