Brigade Continues to Oppose Proposed Acquisition of Kindred Healthcare by Humana, TPG Capital and Welsh, Carson, Anderson & Stowe

NEW YORK--(BUSINESS WIRE)--Brigade Capital Management, LP (“Brigade”), on behalf of funds managed by it, today released its letter to the CEO and Board of Directors (the “Board”) of Kindred Healthcare, Inc. (NYSE:KND) (“Kindred” or the “Company”) definitively stating its intention to vote “NO” to the proposed acquisition of the Company by a consortium of Humana, TPG Capital and Welsh, Carson, Anderson & Stowe. In its letter, Brigade cited the following reasons for its opposition: