New York, November 12, 2014 -- Moody's Investors Service commented that Kindred Healthcare, Inc.'s announcement that the company has signed a definitive agreement to acquire Centerre Healthcare Corporation for approximately $195 million is a modest credit negative. Moody's does not expect a meaningful increase in leverage from this transaction but the rating agency is concerned about the pace and magnitude of acquisition activity given the expected closing of the acquisition of Gentiva Health Services, Inc. in the first quarter of 2015. There is no immediate impact on Kindred's ratings, including its B1 Corporate Family Rating and B1-PD Probability of Default Rating, at this time. Kindred's ratings were placed under review for downgrade on October 9, 2014 following the announcement that the company would acquire Gentiva for $1.8 billion.

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