Boston, MA 05/23/2013 (wallstreetpr) – The share prices of Kindred Healthcare Inc. (NYSE:KND) surged by 9.06 percent to close at $13.06 for the end of trading session. The surge in share prices was attributed to the company’s appointment of members to the board of directors of the firm. The healthcare services company based in United States operates hospitals and rehabilitation centres across the US. Kindred Healthcare Inc. (NYSE:KND) basically functions through its wholly owned subsidiaries involved in the long term acute care hospitals, nursing and rehabilitation centres, assisted living facilities and a home health and hospice business.
Election of board members
At the company’s annual meeting on Tuesday, the shareholders of Kindred Healthcare Inc. (NYSE:KND) elected the board members to manage the businesses. The shareholders elected 10 members to serve term on the board which would expire with the annual meeting of 2014. Also Kindred Healthcare Inc. (NYSE:KND) had elected Paul.J.Diaz to be the President and Chief Executive Officer of the firm.
Kindred Healthcare Inc. (NYSE:KND) had also created a new position named Chief People Officer to which Stephen R. Cunanan had been appointed with effect from June 03, 2013. The Chief People Officer will thereby be engaged in leadership development, employee engagement and satisfaction, advancing patient safety and human resources.
The share prices of Kindred Healthcare Inc. (NYSE:KND) have a 52 week low price level of $7.75 per share and a newly adjusted 52 week high price level of $13.84 per share. The average trading volume for the company is 311,452 shares per day and the company presently has 54.05 million shares outstanding.
