KINDZ Kindred Healthcare - Series B Warrants (MM)

Kindred Healthcare, Inc. (the "Company") (NYSE: KND) today announced that it has authorized the voluntary delisting of its Series A Warrants to Purchase Common Stock (NASDAQ: KINDW) and its Series B Warrants to Purchase Common Stock (NASDAQ: KINDZ) from the NASDAQ National Market effective at the close of trading on April 17, 2006. Both the Series A Warrants and Series B Warrants will expire by their terms on April 20, 2006. The delisting of the Series A Warrants and Series B Warrants will permit pending trades through the NASDAQ National Market to settle prior to the April 20 expiration date in accordance with the standard "T+3" trade settlement period. Each Series A Warrant and Series B Warrant entitles the holder thereof to purchase two shares of the Company's common stock at an exercise price of $30.00 and $33.33 per warrant, respectively. Each Series A Warrant and Series B Warrant has a five-year term expiring April 20, 2006. Kindred Healthcare, Inc. through its subsidiaries operates hospitals, nursing centers, institutional pharmacies and a contract rehabilitation services business across the United States.