Gentiva Health Services Announces Receipt of Acquisition Proposal from Kindred Healthcare

July 21, 2014 11:11 PM

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ATLANTA, Jul 21, 2014 (BUSINESS WIRE) -- Gentiva Health Services, Inc. /quotes/zigman/81852/delayed/quotes/nls/gtiv GTIV -0.06% (“Gentiva”) today announced that it has received a conditional proposal from Kindred Healthcare, Inc. (“Kindred”) /quotes/zigman/282005/delayed/quotes/nls/knd KND +1.77% to acquire all of the outstanding shares of Gentiva common stock for $17.25 per share. Kindred has indicated that this proposal is subject to “diligence to confirm that such additional value is warranted.” Gentiva’s Board of Directors, in consultation with its financial and legal advisors, will review the proposal carefully in due course.

Gentiva stockholders do not need to take any action at this time in relation to this proposal and stockholders are reminded not to tender their shares into Kindred’s outstanding partial tender offer for 14.9% of the Company’s shares at $16.00 per share.

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