Kindred Launches Innovation Division

The nation’s largest home health care provider has formed a new business division and hired an executive to run it. Louisville-based Kindred Healthcare (NYSE: KND) has tapped Brian Holzer, M.D., to serve as president of the new division, Kindred Innovations. Holzer’s appointment is effective as of June 5, the company announced in a May 30 […]

Addus Brings On New COO

Addus HomeCare Corporation (Nasdaq: ADUS) has hired a new executive vice president and chief operating officer, effective January 16, 2017. The new hire, W. Bradley Bickham, has a robust background in the health care sector. Most recently he was the senior vice president and chief legal officer for one of the largest ambulatory surgery center […]

Kindred at Home Exec Leads Charge to Expand Hospice Services

Many home health providers also offer hospice care, but tangled rules sometimes prevent patients from receiving these services at the same time. This has led to some changes at the national level, such a Medicare program to allow simultaneous hospice and curative care. At the state level, a leader at one agency in Mississippi took matters […]

Gentiva to Pay $6.5 Million to Settle Stock Fraud Claims

Gentiva Health Services last week approved a $6.5 million settlement stemming from a class action lawsuit filed by investors who claimed to have been harmed by a securities fraud scheme. In November 2010, a former named plaintiff in the case filed a securities fraud class action on behalf of investors who purchased publicly-traded securities of […]

Kindred Ends Takeover Saga by Finalizing Gentiva Acquisition

Kindred Healthcare, Inc. on Tuesday finalized its acquisition of Gentiva Health Services, Inc., completing a $1.8 billion acquisition marked by hostile moves and countermoves. The addition of Gentiva makes Kindred the largest home health and hospice operator in the country, as well as one of the largest post-acute providers, according to the company. With an […]

Home Health and Hospice M&A Activity Spikes 27% in Q4

Given the $1.8 billion merger of Kindred Healthcare, Inc. (NYSE: KND) and Gentiva Health Services, Inc. (NASDAQ: GTIV), it’s no surprise health care M&A activity broke records in 2014.  The home health and hospice sectors, alone, saw a 27% increase in deals — from 15 in the third quarter to 19 in the fourth quarter […]

Kindred, Gentiva Agree to $1.8 Billion Merger

After a summer-long bid war and months of subsequent hush-hush, it finally happened: Kindred Healthcare, Inc. (NYSE: KND) and Gentiva Health Services, Inc. (NASDAQ: GTIV) have agreed to merge in a deal valued at $1.8 billion that will create a national powerhouse in the home health and post-acute care sector. WIth the agreement reached Thursday, […]

Kindred Ups Bid to Buy Genitiva — Again

Following an ongoing series of acquisition rejections, Kindred Healthcare (NYSE:KND) has again increased its offer to buy Gentiva Health Services (NASDAQ:GTIV). Gentiva recently rejected Kindred’s offer to acquire all outstanding shares of the company’s common stock for $14.50 per share, saying the offer undervalued the company and was not in the best interests of its shareholders. […]

Gentiva Forecasts Strong Q2 Earnings Amid Snubbed Kindred Purchase Bids

After repeatedly rebuffing purchase proposals from Kindred Healthcare, Inc. (NYSE:KND), Gentiva Health Services, Inc. (NASDAQ:GTIV) has a favorable outlook on its second quarter financial performance, as earnings expectations remain high for the sought after company.  For the second quarter ended June 30, 2014, Gentiva anticipates net revenues of $496 million, a 19.7% increase compared to net […]

Kindred Ups Bid to Buy Gentiva, Offers $1.7 Billion

After Gentiva Health Services (NASDAQ: GTIV) initially declined a takeover bid from Kindred Healthcare (NYSE: KND) in a $1.6 billion deal, Kindred has increased its offer to acquire all outstanding shares of Gentiva’s common stock for $14.50 per share, making the proposal a $1.7 billion acquisition.  The new bid — which is an all-cash offer […]