New York, November 17, 2014 -- Moody's Investors Service commented that Kindred Healthcare Inc.'s announced equity offerings are credit positive. Proceeds of the equity offerings will be used to partially fund the $1.8 billion acquisition of Gentiva Health Services, Inc. However, there is no 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. The acquisition is expected to close in the first quarter of 2015.

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