-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Hd0bJtWoaY+NSs81lh8IcpbKV/npbGCfXNZBI/PyVuJRa9P7aJ4sDBY1WjePbZ3A yZvXuT5Ib20jI8SKkeMzeg== 0000895345-03-000835.txt : 20031208 0000895345-03-000835.hdr.sgml : 20031208 20031208171127 ACCESSION NUMBER: 0000895345-03-000835 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20031208 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: KINDRED HEALTHCARE INC CENTRAL INDEX KEY: 0001060009 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-NURSING & PERSONAL CARE FACILITIES [8050] IRS NUMBER: 611323993 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-53977 FILM NUMBER: 031043044 BUSINESS ADDRESS: STREET 1: ONE VENCOR PLACE STREET 2: 680 S FOURTH ST CITY: LOUISVILLE STATE: KY ZIP: 40202 BUSINESS PHONE: 5025967300 MAIL ADDRESS: STREET 1: 3300 AEGON CENTER STREET 2: 400 WEST MARKET ST CITY: LOUISVILLE STATE: KY ZIP: 40202 FORMER COMPANY: FORMER CONFORMED NAME: VENCOR INC /NEW/ DATE OF NAME CHANGE: 19991124 FORMER COMPANY: FORMER CONFORMED NAME: VENCOR HEALTHCARE INC /DE/ DATE OF NAME CHANGE: 19991124 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: APPALOOSA MANAGEMENT LP CENTRAL INDEX KEY: 0001006438 IRS NUMBER: 223220835 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 26 MAIN ST STREET 2: 1ST FLOOR CITY: CHATHAM STATE: NJ ZIP: 07928 BUSINESS PHONE: 9737017000 MAIL ADDRESS: STREET 1: 26 MAIN ST STREET 2: 1ST FLOOR CITY: CHATAM STATE: NJ ZIP: 07928 SC 13D 1 rs13d.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 11)* KINDRED HEALTHCARE, INC. - ------------------------------------------------------------------------------- (Name of Issuer) COMMON STOCK, PAR VALUE $0.25 - ------------------------------------------------------------------------------- (Title of Class of Securities) 494580 10 3 -------------------------------- (CUSIP Number) KENNETH MAIMAN, ESQ. APPALOOSA MANAGEMENT L.P. 26 MAIN STREET, FIRST FLOOR CHATHAM, NJ 07928 (973) 701-7000 - ------------------------------------------------------------------------------- (Name, Address and Telephone Number of Persons Authorized to Receive Notices and Communications) DECEMBER 5, 2003 - ------------------------------------------------------------------------------- (Date of Event Which Requires Filing of This Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this Schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box |_|. Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent. * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the "Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SCHEDULE 13D - ----------------------- ----------------------- CUSIP No. 494580 10 3 PAGE 2 OF 10 PAGES - ----------------------- ----------------------- - ------- ----------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON APPALOOSA INVESTMENT LIMITED PARTNERSHIP I - ------- ----------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ------- ----------------------------------------------------------------------- 3 SEC USE ONLY - ------- ----------------------------------------------------------------------- 4 SOURCE OF FUNDS OO - ------- ----------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] - ------- ----------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - ------------------- ------ ---------------------------------------------------- NUMBER OF SHARES 7 SOLE VOTING POWER -0- ------ ---------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 1,045,622 ------ ---------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING -0- ------ ---------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH 1,045,622 - ------------------- ------ ---------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,045,622 - ---------- -------- ----------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ---------- -------- ----------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.3% - ---------- -------- ----------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - ---------- -------- ----------------------------------------------------------- SCHEDULE 13D - ----------------------- ----------------------- CUSIP No. 494580 10 3 PAGE 3 OF 10 PAGES - ----------------------- ----------------------- - ------- ----------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON PALOMINO FUND LTD. - ------- ----------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ------- ----------------------------------------------------------------------- 3 SEC USE ONLY - ------ ------------------------------------------------------------------------ 4 SOURCE OF FUNDS OO - ------- ----------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] - ------- ----------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION BRITISH VIRGIN ISLANDS - ------------------- ------ ---------------------------------------------------- NUMBER OF SHARES 7 SOLE VOTING POWER -0- ------ ---------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 937,520 ------ ---------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING -0- ------ ---------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH 937,520 - ---------- -------- ----------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 937,520 - ---------- -------- ----------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ---------- -------- ----------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 4.7% - ---------- -------- ----------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - ---------- -------- ----------------------------------------------------------- SCHEDULE 13D - ----------------------- ----------------------- CUSIP No. 494580 10 3 PAGE 4 OF 10 PAGES - ----------------------- ----------------------- - ------- ----------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON APPALOOSA MANAGEMENT L.P. - ------- ----------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ------- ----------------------------------------------------------------------- 3 SEC USE ONLY - ------- ----------------------------------------------------------------------- 4 SOURCE OF FUNDS OO - ------- ----------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] - ------- ----------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - ------------------- ------ ---------------------------------------------------- NUMBER OF SHARES 7 SOLE VOTING POWER -0- ------ ---------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 1,983,142 ------ ---------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING -0- ------ ---------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH 1,983,142 - ---------- -------- ----------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,983,142 - ---------- -------- ----------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ---------- -------- ----------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.0%(*) - ---------- -------- ----------------------------------------------------------- 14 TYPE OF REPORTING PERSON PN - ---------- -------- ----------------------------------------------------------- - ------------------------------ (*) The Reporting Person owns 9.96% of the class represented in Row 11. For purposes of this cover page, the Reporting Person has rounded off such percentage to 10% to comply with the Instruction for Cover Page to Schedule 13D. SCHEDULE 13D - ----------------------- ----------------------- CUSIP No. 494580 10 3 PAGE 5 OF 10 PAGES - ----------------------- ----------------------- - ------- ----------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON APPALOOSA PARTNERS INC. - ------- ----------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ------- ----------------------------------------------------------------------- 3 SEC USE ONLY - ------- ----------------------------------------------------------------------- 4 SOURCE OF FUNDS OO - ------- ----------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] - ------- ----------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - ------------------- ------ ---------------------------------------------------- NUMBER OF SHARES 7 SOLE VOTING POWER -0- ------ ---------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 1,983,142 ------ ---------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING -0- ------ ---------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH 1,983,142 - ---------- -------- ----------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,983,142 - --------- -------- ------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ---------- -------- ----------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.0%(*) - ---------- -------- ----------------------------------------------------------- 14 TYPE OF REPORTING PERSON CO - ---------- -------- ----------------------------------------------------------- - ------------------------------ (*) The Reporting Person owns 9.96% of the class represented in Row 11. For purposes of this cover page, the Reporting Person has rounded off such percentage to 10% to comply with the Instruction for Cover Page to Schedule 13D. SCHEDULE 13D - ----------------------- ----------------------- CUSIP No. 494580 10 3 PAGE 6 OF 10 PAGES - ----------------------- ----------------------- - ------- ----------------------------------------------------------------------- 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON DAVID A. TEPPER - ------- ----------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] - ------- ----------------------------------------------------------------------- 3 SEC USE ONLY - ------- ----------------------------------------------------------------------- 4 SOURCE OF FUNDS OO - ------- ----------------------------------------------------------------------- 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] - ------- ----------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES - ------------------- ------ ---------------------------------------------------- NUMBER OF SHARES 7 SOLE VOTING POWER -0- ------ ---------------------------------------------------- BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 1,983,142 ------ ---------------------------------------------------- EACH 9 SOLE DISPOSITIVE POWER REPORTING -0- ------ ---------------------------------------------------- PERSON 10 SHARED DISPOSITIVE POWER WITH 1,983,142 - ---------- -------- ----------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,983,142 - ---------- -------- ----------------------------------------------------------- 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] - ---------- -------- ----------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 10.0%(*) - ---------- -------- ----------------------------------------------------------- 14 TYPE OF REPORTING PERSON IN - ---------- -------- ----------------------------------------------------------- - ------------------------------ (*) The Reporting Person owns 9.96% of the class represented in Row 11. For purposes of this cover page, the Reporting Person has rounded off such percentage to 10% to comply with the Instruction for Cover Page to Schedule 13D. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 This Amendment No. 11, filed on behalf of Appaloosa Investment Limited Partnership I ("AILP"), Palomino Fund Ltd. ("Palomino"), Appaloosa Management L.P. (the "Manager"), Appaloosa Partners Inc. ("API") and David A. Tepper ("Mr. Tepper" and, together with AILP, Palomino, the Manager and API, the "Reporting Persons"), amends and supplements the Schedule 13D filed on behalf of the Manager, API and Mr. Tepper on April 26, 2001 (as amended by Amendment No. 1 filed on November 15, 2001, Amendment No. 2 filed on October 23, 2002, Amendment No. 3 filed on April 7, 2003, Amendment No. 4 filed on August 19, 2003, Amendment No. 5 filed on August 22, 2003, Amendment No. 6 filed on September 8, 2003, Amendment No. 7 filed on September 18, 2003, Amendment No. 8 filed on September 25, 2003, Amendment No. 9 filed on October 3, 2003, Amendment No. 10 filed on December 3, 2003 and Amendment No. 11 filed on December 3, 2003, the "Schedule 13D"), relating to the common stock, par value $0.25 per share (the "Common Stock"), of Kindred Healthcare, Inc., a Delaware corporation (the "Company"). Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Schedule 13D. The Schedule 13D is hereby amended and supplemented as follows: ITEM 4. Purpose of Transaction. ----------------------- Item 4 is hereby amended to add the following: The Reporting Persons do not hold the Shares of the Company for the purpose of, or with the effect of, changing or influencing the control of the Company, or in connection with or as a participant in any transaction having that purpose or effect. Accordingly, the Reporting Persons have determined to report their ownership position in the Company on Schedule 13G under the Act and will file no further amendments to this Schedule 13D. ITEM 5. Interest in Securities of the Issuer ------------------------------------ Item 5 is hereby amended to reflect that, as of the date hereof: The percentages set forth in this Item 5 are based on there being 17,923,929 shares of Common Stock outstanding as of October 31, 2003 as disclosed by the Company in its Form 10-Q filed on November 7, 2003 for the fiscal quarter ended September 30, 2003 and are calculated in accordance with Rule 13d-3(d) of the Securities Exchange Act of 1934, as amended. (a) Upon exercise of the New Warrants, AILP would beneficially own 1,042,747 shares of Common Stock and Palomino would beneficially own 934,645 shares of Common Stock. Upon exercise of the vested portion of the non-qualified stock options granted to Mr. Tepper and Mr. Bolin, a former employee of the Manager, pursuant to the Company's 2001 Stock Option Plan for Non-Employee Directors, AILP would beneficially own an additional 2,875 shares of Common Stock and Palomino would beneficially own an additional 2,875 shares of Common Stock. Each of the Manager, API and Mr. Tepper may be deemed to beneficially own an aggregate of 1,983,142 shares of Common Stock. Therefore, as of the date hereof, the beneficial ownership of (i) AILP constitutes approximately 5.3% of the issued and outstanding shares of Common Stock, (ii) Palomino constitutes approximately 4.7% of the issued and outstanding shares of Common Stock and (iii) each of the Manager, API and Mr. Tepper constitutes approximately 9.96% of the issued and outstanding shares of Common Stock. (b) AILP may be deemed to have shared voting and dispositive power with respect to 1,045,622 shares of Common Stock and Palomino may be deemed to have shared voting and dispositive power with respect to 937,520 shares of Common Stock. Each of the Manager, API and Mr. Tepper may be deemed to have shared voting and dispositive power with respect to 1,983,142 shares of Common Stock. (c) On December 5, 2003, in open market transactions, AILP sold 258,507 New Warrants and Palomino sold 226,495 New Warrants at an average price of approximately $22.18 per New Warrant. On December 8, 2003, in open market transactions, AILP sold 5,330 New Warrants and Palomino sold 4,670 New Warrants at a price of $22.30 per New Warrant. (d) Not applicable. (e) Not applicable. SIGNATURE After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: December 8, 2003 APPALOOSA INVESTMENT LIMITED PARTNERSHIP I By: APPALOOSA MANAGEMENT L.P., Its General Partner By: APPALOOSA PARTNERS INC., Its General Partner By: /s/ David A. Tepper -------------------------------- Name: David A. Tepper Title: President PALOMINO FUND LTD. By: APPALOOSA MANAGEMENT L.P., Its Investment Adviser By: APPALOOSA PARTNERS INC., Its General Partner By: /s/ David A. Tepper -------------------------------- Name: David A. Tepper Title: President APPALOOSA MANAGEMENT L.P. By: APPALOOSA PARTNERS INC., Its General Partner By: /s/ David A. Tepper ------------------------------------- Name: David A. Tepper Title: President APPALOOSA PARTNERS INC. By: /s/ David A. Tepper ------------------------------------------ Name: David A. Tepper Title: President /s/ David A. Tepper ---------------------------------------------- David A. Tepper -----END PRIVACY-ENHANCED MESSAGE-----