Kindred to list its shares on NYSE
Kindred Healthcare announced Tuesday that on Oct. 28 it will switch from listing its shares with the Nasdaq Stock Market to the New York Stock Exchange.
Analyst Merrill Lynch said it expects the Louisville, KY-based company's shares to rise to $2.10 in 2005 from $1.33 in 2004.
Kindred, one of the nation's largest nursing home chains, returned 186% last year. The company's nursing homes and long-term care facilities are located in 16 of the 20 fastest-growing cities in the U.S., according to a Louisville newspaper.
Kindred's listings will appear under the ticker symbol "KND."