Gentiva Says It Will Negotiate on Rival Acquisition Bids
This article is for subscribers only.
Gentiva Health Services Inc., a home-care and hospice company, said it will consider two acquisition proposals, including one from long-term medical care provider Kindred Healthcare Inc.
Kindred made an offer of $17.25 a share on July 21 that was conditional on Gentiva engaging in talks. Kindred’s offer matched the amount proposed by an unnamed bidder that Gentiva announced on July 17. Based on Atlanta-based Gentiva’s 36.8 million outstanding shares, the value of the deal would be $634.8 million.