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 […]

Kindred Proposes $1.6 Billion Takeover of Gentiva

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 Partners with Las Vegas ACO

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 Closes $22 Million Purchase of Nursing Real Estate

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 to Acquire Senior Home Care for $95 Million

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 to Renew Leases for 48 Properties, Divest 60 Nursing Centers

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 to Reinvest in Home Care Using $166 Million Sale Proceeds

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 Sells Seven Nursing Centers for $47M, Creates Transitional Care Division

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 and Dignity Enter Joint Venture to Expand Home Health in California

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 Targets More Home Health Acquisitions, Announces New Projects

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 […]