Home Health & Hospice Week
Gentiva Board Rejects Third Kindred Offer
The attempted hostile takeover of Gen-tiva Health Service Inc. is getting more complicated. While long-term care behemoth Kindred Health-care is pursuing Gentiva, Gentiva is reportedly pursuing beleaguered home health agency chain Amed-isys Inc. as an acquisition. Kindred has warned Gentiva to avoid the acquisition.
Meanwhile, Gentiva’s Board of Directors has voted to reject Kindred’s sweetened offer to buy the company for $14.50 per share, according to a Gentiva release. It was Kindred’s third offer.
“The Board determined that the Offer is not in the best interests of Gentiva or its stockholders as it significantly undervalues the Company,” the Atlanta-based chain says. “The Board recommends that Gentiva stockholders reject the Offer and not tender their shares into the Offer.”
Home Health & Hospice Week
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The Government Accountability office is reminding Congress of home care’s reputation for fraud once again. [...] - Industry Notes:
Gentiva Board Rejects Third Kindred Offer
The attempted hostile takeover of Gen-tiva Health Service Inc. is getting more complicated. While long-term [...]
