Kindred Reiterates Offer to Buy Gentiva

The ever-persistent Kindred Healthcare, Inc. (NYSE:KND) has yet to be deterred in its ongoing quest to purchase Gentiva Health Services, Inc. (NASDAQ:GTIV), as it reiterated its offer to buy the company Tuesday. As previously announced last week, Kindred is willing to enter into a negotiated agreement to acquire all of Gentiva’s outstanding shares for a […]

Private Equity Pegged as New Multi-Billion Dollar Gentiva Bidder

The ongoing purchase offers and subsequent rejections between Kindred Healthcare, Inc. (NYSE:KND) and Gentiva Health Services, Inc. (NASDAQ:GTIV) has invited a new player into the mix, one that analysts assume is likely a private equity suitor for the latter home health giant. Monday, Kindred solicited its newest proposal to Gentiva in response to the company’s […]

Gentiva Rejects Latest Kindred Bid, Receives New Third-Party Offer

Major home health care provider Gentiva Health Services, Inc. (NYSE:GTIV) rejected the latest offer from home health giant Kindred Healthcare Inc. (NYSE: KND) Thursday, but a third party may be entering the bidding ring — and is upping the anty. Gentiva rejected Kindred’s offer to acquire 14.9% of the outstanding shares of Gentiva for a price of $16 […]

Gentiva Rejects Kindred Offer, Again

Gentiva Health Services (NASDAQ:GTIV) has rejected Kindred Healthcare’s (NYSE:KND) latest bid to buy the company, saying it significantly undervalues Gentiva and is not in the best interests of its shareholders.  In the most recent bid, Kindred offered to acquire all outstanding shares of Gentiva’s common stock for $14.50 per share, making the deal a $1.7 billion acquisition. […]

Kindred to Gentiva: Don’t Acquire Amedisys

In the latest move of Kindred Healthcare’s ongoing quest to buy Gentiva Health Services, Kindred (NYSE:KND) has sent a letter to the Gentiva (NASDAQ:GTIV) board of directors, telling the company to reconsider its pursuits of acquiring Amedisys Inc. (NASDAQ:AMED). The acquisition, Kindred writes, would disenfranchise Gentiva shareholders. Instead, Kindred urges the board to discuss its “highly […]

Kindred ‘Not Deterred’ by Gentiva Takeover Pushback

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 […]

Drop in Home Health Income Drags Gentiva’s Revenues Down 5% in Q2

Home healthcare and hospice provider Gentiva Health Services, Inc. (NASDAQ:GTIV) saw its net revenues drop 5% to $427.7 million in the second quarter ended June 30, 2012, but cost-cutting helped the company beat analysts’ estimate of $435.2 million. The decrease in revenue compared to the second quarter of 2011 was due in part to a […]

Gentiva Acquires Indiana Hospice Provider, Expands Coverage

The nation’s largest provider of home health and hospice services in terms of revenue, Gentiva Health Services, Inc. (NASDAQ:GTIV) announced on Thursday that it had acquired Advocate Hospice, located in Danville, Ind., for an undisclosed price.  Advocate was founded in 2006 and is a leading provider of end-of-life care in its community. “The addition of […]