Kindred to Buy Gentiva for $1.8 Billion in Cash and Stock
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Kindred Healthcare Inc. reached an agreement to acquire Gentiva Health Services Inc., a home-care and hospice company, for $1.8 billion in a deal expected to improve Kindred’s ability to serve patients at home.
Shareholders of Atlanta-based Gentiva will receive $14.50 per share in cash and $5 of Kindred common stock in the purchase, the companies said today in a statement.