LOUISVILLE, Ky. (April 5, 2018) – Kindred Healthcare, Inc. today announced that at its special meeting of stockholders, stockholders approved the transaction with affiliates of TPG Capital, Welsh, Carson, Anderson & Stowe and Humana Inc. The final vote results will be reported on a Form 8-K filed with the Securities and Exchange Commission.
Benjamin A. Breier, president and chief executive officer of Kindred, said, “We are pleased that the transaction with the consortium received the broad support of our stockholders in recognition of the robust process undertaken by the Board to achieve maximum value. We look forward to completing the transaction in the coming months and delivering premium cash value to our stockholders.”
The transaction is expected to close in the summer of 2018.
Barclays and Guggenheim Securities, LLC are serving as financial advisors to Kindred and Cleary Gottlieb Steen & Hamilton LLP is serving as legal counsel.