Home healthcare services provider Gentiva Health Services has rejected Kindred Healthcare offer of $16 per share for nearly 15 percent stake in the company. Gentiva has announced that the company received another offer at a higher valuation of $17.25 per share.
The company has not revealed the identity of the new party but has shared that the new buyout offer comes from “a recognized owner, operator and investor in the sector”. In the afterhours trading, Gentiva stock jumped to $17.35.
Also read: Microsoft Closes Acquisition of LinkedIn