Industry News
Kindred Initiates Review of Strategic Alternatives

Kindred Group has informed its investors that it is exploring strategic alternatives for its long-term future and explained that it would consider a partial or full merger or sale.
Kindred’s board of directors stated that it had “unanimously decided to initiate a process to explore strategic alternatives for the company”.
The company has set no strict timetable for the review of its business and is intently focused on maximising shareholder value by any means, including a merger or sale in a full or partial capacity.
A statement read: “As part of this strategic process, the Board of Directors will consider all potential alternatives that can deliver value for the Company’s shareholders. Such alternatives could include a merger or sale of the Company (in whole or in part) or other possible strategic transactions.”
As part of the process, Kindred has hired PJT Partners, Morgan Stanley and Canaccord Genuity to act as financial advisors ahead of the strategic alternatives review and has enlisted White & Case as its legal advisor through the process.
“There can be no assurance regarding the results or outcome of Kindred’s review of strategic alternatives. Subject to compliance with its ongoing disclosure obligations pursuant to applicable laws and regulations, Kindred undertakes no obligation to make any further announcements regarding the exploration of strategic alternatives unless, and until, final decisions are made by the Company’s Board of Directors,” the statement concluded.
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