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
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 […]
Subscribe
Receive industry updates and breaking news from HHCN