With talks heating up in recent months around two possible acquirers for major home health and hospice provider Gentiva (NYSE: GTIV), the company says regardless of a possible merger, it’s positioning itself to be a major presence in the post-acute care sector. Kindred Healthcare (NYSE: KND) and an unnamed party have upped their bids for […]
Kindred Healthcare
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 […]
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. […]
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 […]
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. […]
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 […]
Caregivers in California have joined together to file a class action lawsuit against one of the nation’s largest employers of direct-care workers and its home care affiliates, alleging that the provider failed to pay minimum wage and overtime to employees. Charges also include various meal and rest period violations, among other claims. Kindred Healthcare, Inc. […]
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 […]
Kindred Healthcare (NYSE:KND) will close two Houston-area hospitals, the company announced June 9. The health care provider says it will consolidate care being provided at Kindred Hospital East Houston and Kindred Hospital North Houston into nearby Kindred hospitals. The consolidation will eliminate 246 jobs, Houston Chronicle reports, adding that the two-week elimination process will begin July […]
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 […]
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