New User:

-or-
Username:
Password:
Forgot your password?

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 Gentiva’s 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
Sign up for a free trial to see the rest of the stories you've been missing.
October 16, 2014
17:23 EDTGTIV, KNDKindred Healthcare reports 14.6% stake in Gentiva Health
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use