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LOUISVILLE, Ky. (AP) -- Hospital and nursing home operator Kindred Healthcare Inc. said Monday it swung to a third-quarter loss, but results adjusted for a spinoff beat its own and analyst expectations. Net loss totaled $9.1 million, or 23 cents per share, versus a profit of $2.9 million, or 7 cents per share, in the prior year period. Adjusted to exclude 40 cents in charges related to charges relating to the July spinoff of Kindred's institutional pharmacy business, professional fees and other costs related to the spinoff and employee severance costs, net income reached 17 cents per share. The company had predicted a profit of 5 cents to 10 cents per share, excluding one-time items. Revenue fell about 1 percent to $1 billion, from $1.02 billion last year, mainly due to the spinoff. Analysts polled by Thomson Financial expected a profit of 8 cents per share on revenue of $987.1 million.
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