KINDRED HEALTHCARE BUYS NURSING HOMES, SIGNS LEASE RENEWALS

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LOUISVILLE, KY. — Louisville-based Kindred Healthcare will purchase six nursing centers it currently leases from the healthcare REIT Ventas for $55.7 million. The properties are all under-performing assets that Kindred will eventually sell, generating an expected $10 million to $15 million. In addition, Kindred will extended its leases for 87 Ventas-owned nursing centers and 22 of the firm’s long-term acute care hospitals by 5 years.

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