Kindred urges Gentiva shareholders to accept bid

July 1, 2014 4:48 PM

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LOUISVILLE, Ky. -- Kindred Healthcare is urging Gentiva Health Services shareholders to support Kindred's latest acquisition bid, which faces opposition from both Gentiva's board and an anti-takeover measure the health and hospice service provider adopted last month.

Kindred Healthcare Inc., which runs nursing and rehabilitation centers, said Tuesday its all-cash offer of $14.50 per share provides immediate and certain value to Gentiva shareholders. That $573 million bid represents an increase from an offer totaling $533 million, or $14 per share in cash and sto...

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