Gentiva Health Services last week approved a $6.5 million settlement stemming from a class action lawsuit filed by investors who claimed to have been harmed by a securities fraud scheme. In November 2010, a former named plaintiff in the case filed a securities fraud class action on behalf of investors who purchased publicly-traded securities of […]
Kindred
As one of the fastest-growing sectors in the United States, home health care is teeming with activity — from acquisitions and partnerships to new leadership appointments and promotions. Here’s the latest news buzzing around the industry: Home Instead Appoints Jeff Huber as CEO Home Instead, Inc., the franchisor for Home Instead Senior Care, a leading […]
As more regulatory pressures force consolidation among the health care industry as a whole, home health and hospice providers also are feeling the heat — joining forces to better compete in today’s evolving landscape. Most recently, the University of Pittsburgh Medical Center, better known as UPMC, announced it would be bringing Family Hospice & Palliative Care […]
The recession boosted the attractiveness of home-based services more than any other type of senior care, according to the vast majority of senior living providers recently polled by Perkins Eastman. The international design, planning and consulting firm surveyed about 200 senior living stakeholders, including industry consultants and leaders at major not-for-profits, primarily continuing care retirement […]
In case you missed it, here are the most popular stories grabbing Home Health Care News’ readers attention this past week: Home Health Focus Starts Paying Off for Kindred — A month following the finalization of its acquisition of home health provider Gentiva Health Services, Kindred Healthcare (NYSE: KND) reported that its strategy to focus on […]
Policy changes, blockbuster mergers and acquisitions, as well as layoffs, closings and caregiver labor debates characterized the home health and hospice sector in 2014. Mounting reimbursement pressures forced some of the nation’s largest provider to shutter operations and lay off hundreds at some locations, while other big players turned to the acquisition market to fuel their […]
Benjamin Breier, president and chief operating officer of Kindred Healthcare (NYSE: KND), will take over next year as CEO of the national post-acute and rehabilitation services provider, the company announced Thursday. Breier, 43 — who has been with Kindred since 2005, starting as president of the company’s rehabilitation division — will replace current CEO Paul […]
Kindred Healthcare, Inc. (NYSE: KND) is planning to expand its corporate headquarters in Louisville, Ky., reports local media outlet The Courier-Journal. Though Kindred remains mum on the details of the speculated expansion, comments from Louisville Mayor Greg Fischer’s spokesman Chris Poynter confirm that the healthcare provider is currently in talks with city officials to expand its […]
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 […]
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 […]
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