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Stock Market & Financial Investment News

News Breaks
May 15, 2014
06:03 EDTGTIV, KNDKindred Healthcare proposes to acquire Gentiva Health for $14.00 per share
Kindred Healthcare (KND) announced a proposal to acquire all of the outstanding shares of common stock of Gentiva Health (GTIV) for a combination of $7.00 per share in cash and $7.00 of Kindred common stock. Kindred also offered to increase its offer to 100% cash if the Gentiva Board so elects. The proposed price for Gentiva implies a total equity value of approximately $533M. With the assumption of Gentivaís debt, the transaction would be valued at approximately $1.6B. The combined company would deliver pro forma annual revenues of approximately $7.2B and generate pro forma EBITDAR of nearly $1B. Kindred believes the transaction would be highly accretive to earnings and operating cash flows, exclusive of one-time items related primarily to transaction and integration costs. Kindred expects the combined company would have operating and financial synergies of approximately $60M-$80M within a period of two years following consummation of the acquisition, with $40 expected in the first year after closing.
News For GTIV;KND From The Last 14 Days
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May 14, 2015
17:04 EDTKNDKindred Healthcare expands operations into three new states
Kindred Healthcare announced that Kindred House Calls, the companyís home-based primary care business, has expanded into three additional states. Kindred recently acquired House Call Doctors of Austin, Texas, whose CEO Julia Jung has joined Kindredís Managed Care Group. Terms of the transaction were not disclosed. In March, Kindred acquired Physician House Calls in Denver, Colorado. Terms of the transaction were not disclosed. Kindred House Calls is also integrating two primary care practices that were part of Gentiva Health Services, acquired in February. The Gentiva practices are located in Austin, Texas, and Spokane, Washington.

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