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Stock Market & Financial Investment News

News Breaks
July 1, 2014
08:10 EDTGTIV, KNDKindred Healthcare calls on Gentiva board to negotiate transaction
Kindred Healthcare (KND) responded to the decision by the board of directors of Gentiva Health Services (GTIV) recommending against Kindred’s offer to acquire all of Gentiva’s outstanding common stock for $14.50 per share in cash. Kindred CEO Paul Diaz said, “After reviewing Gentiva’s recommendation, it remains clear that Kindred’s offer would create immediate, certain and superior value for Gentiva shareholders. We call on the Gentiva board and management team to sit down and negotiate a transaction that would advance the interests of both companies’ shareholders, employees and patients, as well as our country’s healthcare delivery system. We also call on Gentiva shareholders to make their voices heard by tendering their shares in support of Kindred’s value enhancing offer.” If a majority of the outstanding Gentiva shares are tendered prior to July 16, 2014, Kindred intends to amend the offer to seek to purchase 14.9% of Gentiva’s outstanding shares, positioning Kindred as Gentiva’s largest shareholder, the company said.
News For KND;GTIV From The Last 14 Days
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May 1, 2015
05:36 EDTKNDKindred Healthcare reinstated with an Overweight at Barclays
Target $36.
April 30, 2015
16:50 EDTKNDKindred Healthcare announces JV with Dignity Health
Kindred Healthcare announced that it has signed a definitive agreement with Dignity Health creating a joint venture to construct and operate a 50-bed inpatient rehabilitation hospital in Chandler, Arizona, a suburb of Phoenix. Kindred will own a slight majority in the joint venture and will manage the day-to-day operations of the new hospital. The hospital will be called Dignity Health Rehabilitation Hospital - East Valley. Subject to several regulatory and other approvals, Kindred expects the hospital to open by 3Q16.

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