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 Health Services
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 […]
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 […]
Gentiva Health Services, Inc. (NASDAQ: GTIV) adopted a new shareholder rights plan May 23 following the company’s rejection of a proposal by Kindred Healthcare, Inc. (NYSE:KND) to acquire Gentiva for $1.6 billion. The new rights plan will protect Gentiva shareholders, said Gentiva Executive Chairman Rod Windley in a recent news release, adding that Kindred’s proposal […]
Home health and hospice services provider Gentiva Health Services, Inc. (NASDAQ:GTIV) reported positive earnings for the first quarter ended March 31, 2014, coming off the acquisition of Harden Healthcare Holdings, Inc. in the previous quarter. Net income attributable to Gentiva shareholders rose to $0.3 million, or $0.01 per diluted share, compared to a net loss […]
Home health and hospice services provider Gentiva Health Services Inc. (NASDAQ:GTIV) announced on Thursday its plans to close nearly 50 home health branches across the country, laying off hundreds of workers in the process. Gentiva is in the process of closing 46 locations across the country, Paula Shoemaker, vice president of sales support, marketing, and […]
Gentiva (NASDAQ:GTIV) reported revenues of $410.5 million for the third quarter ended Sept. 30, 2013, a 3.3% decrease from the previous year that the company blamed on the home health Medicare rate reduction and sequestration. Home health revenue stayed flat for the quarter at $206.9 million compared to $206.4 million in the same quarter of […]
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