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 […]
Kindred Healthcare Inc.
A $1.6 billion acquisition could be in the works between two of the home health industry’s largest players as Kindred Healthcare, Inc. (NYSE:KND) sets its sights to acquire Gentiva Health Services, Inc. (NYSE:GTIV). Under the proposal, Kindred would acquire all of the outstanding shares of common stock of Gentiva for a combination of $7.00 per […]
Kindred Healthcare, Inc. (NYSE:KND) announced this week that it has signed an agreement to become a strategic partner and owner in a Las Vegas accountable care organization (ACO). Kindred will partner with Silver State Accountable Care Organization, LLC, an ACO that formed in 2013 and services Medicare fee-for-service patients in Southern Nevada. Partnering with Kindred’s […]
Kindred Healthcare, Inc. (NYSE:KND) continues to grow its strategic Integrated Care Markets with the closing Wednesday of a previously announced acquisition of real estate associated with two nursing centers for $22 million. The acquisition derives from the two nursing centers Kindred currently leases from HCP, Inc. (NYSE:HCP), a healthcare-focused real estate investment trust, and its […]
Kindred Healthcare, Inc. (NYSE: KND) looks to expand its home health business line with a $95 million acquisition of Senior Home Care, Inc., a southeast home health provider. A premier home health provider that operates 47 locations in Florida and Louisiana, Senior Home Care currently generates annualized revenues of approximately $143 million, which Kindred expects […]
Kindred Healthcare, Inc. (NYSE: KND) today announced it has entered into agreements to renew early its leases with Ventas, Inc. (NYSE: VTR) for 48 properties comprising transitional care hospitals and nursing centers. Kindred will renew the existing leases for three transitional care hospitals and 15 nursing and rehabilitation centers for an additional five year term […]
Kindred Healthcare, Inc. (NYSE: KND) today announced that it has completed the sale of 14 non-strategic facilities for $165.8 million to an affiliate of Vibra Healthcare, LLC. In the near term, Kindred intends to use the net proceeds from the sale to pay down the outstanding balance under its existing revolving credit facility. Over time, […]
Kindred Healthcare, Inc. (NYSE: KND) announced Wednesday that it has sold seven nursing centers for approximately $47 million to affiliates of Signature Healthcare, LLC. The nursing facilities contain 900 licensed beds, with five of the facilities owned and the remaining ones leased. Together, the facilities generated revenues of $63 million and earnings before interest, income […]
Kindred Healthcare (NYSE:KND) announced today that it has signed into a definitive agreement with Dignity Health to create a joint venture to expand home health services in San Bernardino, California. “We look forward to working with Dignity Health and Community Hospital’s team of experienced healthcare professionals,” said Paul J. Diaz, chief executive officer, Kindred Healthcare, […]
Kindred Healthcare, Inc. (NYSE: KND) announced today that it has signed into definitive agreements to build and acquire several home health and hospice businesses. Kindred plans to open a new 120-bed transitional care center in Phoenix, Arizona, on the campus of IASIS Healthcare’s St. Luke’s Medical Center. The center will specialize in intensive short-term rehabilitation […]
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