Kindred Healthcare Inc. has appointed Anton Ezer as its new creative director. Ezer joins the agency from Red Bee Media, where he worked on brands including the BBC and the Sci Fi Channel.

Kindred Healthcare Inc. - Conference Presentation Calls

Kindred Healthcare Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net income of $5.5 million or $0.14 per diluted share compared to net loss of $21.3 million or $0.54 per diluted share for the same period a year ago. Revenues were $1,057.5 million compared with $997.1 million for the same period a year ago. Income from continuing operations before income taxes was $6.3 million compared with $1.6 million for the same period a year ago. Income from continuing operations was $5.4 million or $0.14 per diluted share compared to $2.1 million or $0.05 per diluted share for the same period a year ago. Net cash provided by operating activities was $52.8 million compared with $7.2 million for the same period a year ago. Purchase of property and equipment was $33.9 million compared with $47.3 million for the same period a year ago. For the nine months, the company reported net income of $20.8 million or $0.53 per diluted share compared to net income of $15.1 million or $0.38 per diluted share for the same period a year ago. Revenues were $3,200.0 million compared with $3,057.6 million for the same period a year ago. Income from continuing operations before income taxes was $75.9 million compared with $63.4 million for the same period a year ago. Income from continuing operations was $46.3 million or $1.18 per diluted share compared to $38.8 million or $0.98 per diluted share for the same period a year ago. Net cash provided by operating activities was $139.8 million compared with $41.4 million for the same period a year ago. Purchase of property and equipment was $112.9 million compared with $112.2 million for the same period a year ago. The company raised its 2009 earnings guidance for continuing operations. The company expects consolidated revenues for 2009 to approximate $4.3 billion. Operating income, or earnings before interest, income taxes, depreciation, amortization and rent, is expected to range from $577 million to $581 million. Income from continuing operations for 2009 is expected to approximate $58 million to $60 million or $1.48 to $1.53 per diluted share. The company anticipates that routine capital spending for 2009 will approximate $110 million to $115 million. The company also provided its earnings outlook for the fourth quarter of 2009, estimating diluted earnings per share between $0.30 to $0.35. The company also provided its initial earnings guidance for 2010. Consolidated revenues are expected to approximate $4.5 billion. Operating income is expected to range from $575 million to $583 million. Income from continuing operations for 2010 is expected to approximate $48 million to $54 million or $1.20 to $1.35 per diluted share. The company anticipates that routine capital spending in 2010 will approximate $115 million to $120 million.