New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 29, 2014
08:04 EDTKND, GTIVKindred reiterates commitment to acquisition of Gentiva for $17.25/share cash
Kindred Healthcare (KND) reiterated its commitment to its proposed combination with Gentiva Health Services (GTIV). As previously announced on July 21, Kindred is willing to enter into a negotiated agreement to acquire all of the outstanding shares of Gentiva for $17.25 per share in cash, subject to due diligence. Kindred is also prepared to enter into appropriate confidentiality and standstill agreements in order to facilitate discussions. Kindred believes that the value Gentiva shareholders would receive through a combination with Kindred is superior to what Gentiva could create on a standalone basis or through a transaction with any third party. Kindred said it is willing and able to quickly execute an all-cash transaction with no financing contingency at $17.25 per share. In addition to offering Gentiva shareholders an all-cash consideration, Kindred is willing to work with Gentiva to structure a transaction under which Gentiva shareholders could elect to receive a mix of cash and stock, enabling them to participate in the significant upside potential of the combined company. Kindred noted that it has already received antitrust approval for its proposed combination with Gentiva. Kindred CEO Paul Diaz, said, “We are as committed as ever to reaching agreement on a value-creating combination of Kindred and Gentiva, and we stand ready to quickly execute an all-cash transaction with no financing condition. We are eager to work with Gentiva, and look forward to entering into appropriate confidentiality and standstill agreements so that we can start the due diligence process. We are confident that constructive dialogue between our two companies will allow us to deliver the value inherent in the proposed combination to our respective shareholder groups, as well as our patients and employees.”
News For KND;GTIV From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 19, 2014
20:07 EDTKNDKindred Healthcare 5M share Secondary priced at $19.75
Subscribe for More Information
November 17, 2014
07:48 EDTKNDKindred Healthcare files to sell 5M shares of stock and tangible equity units
Kindred Healthcare announced that it has launched concurrent underwritten public offerings of 5,000,000 shares of Kindred's common stock and 150,000 tangible equity units. Each tangible equity unit has a stated amount of $1,000 and is comprised of a prepaid stock purchase contract and a share of mandatory redeemable preferred stock, each issued by the Company. Citigroup Global Markets Inc. and J.P. Morgan Securities LLC are acting as the joint book-running managers for the concurrent offerings.
November 12, 2014
08:01 EDTKNDKindred Healthcare to acquire Centerre Healthcare for $195M in cash
Kindred Healthcare announced that it has signed a definitive merger agreement to acquire Centerre Healthcare Corporation, a national company dedicated to operating Inpatient Rehabilitation Hospitals, for a purchase price of approximately $195M in cash. Centerre currently operates 11 Inpatient Rehabilitation Hospitals with 612 beds in partnership with some of the nation’s leading acute care hospital systems through joint ventures. Centerre has two additional hospitals with a total of 90 beds under construction and scheduled to open in 2015, and a pipeline of additional potential hospitals in various stages of development.

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

I agree to the disclaimer & terms of use