Kindred Healthcare, Inc. (the “Company”) (NASDAQ:KIND) today announced that the price for the Company’s common stock (“Common Stock”) will adjust with the opening of trading this morning to reflect the distribution of new shares of Common Stock issued on Thursday, May 27, 2004, as a result of the previously announced 2-for-1 stock split. The Company announced the stock split, in the form of a 100% stock dividend, on April 26, 2004 for stockholders of record on May 10, 2004. The Company will have approximately 36.4 million shares of Common Stock outstanding following the stock split.