Shares of Kindred Healthcare, Inc. (NYSE:KND) surged sharply on Thursday and are in the spotlight today after Dealreporter reported that the entire company was potentially on the block if the price was right. Kindred, which is currently said to be in talks with multiple potential buyers for its skilled nursing facility segment, is said to have received interest from various parties over a full buyout.
Kindred Healthcare, Inc. (NYSE:KND) responded saying, ‘Kindred does not comment on rumor or speculation. Kindred is working with advisors – including Guggenheim – and engaging with interested parties as part of our plan to exit the skilled nursing facility business and divest facilities’. Shares of Kindred are up 15% year-to-date.
What Does The Smart Money Sentiment Say?
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Our data shows that some smart money funds may have missed out on the stock’s recent gains. 15 top funds were long Kindred Healthcare, Inc. (NYSE:KND) at the end of the fourth quarter, down 5 funds from the previous quarter. Those numbers are out of the 742 total funds we track.
The Bottom Line
Kindred Healthcare, Inc. (NYSE:KND) is trending due to the news of potential M&A. For more reading, check out ‘11 Biggest Hospitals In the World‘.