Home healthcare service provider Gentiva Health Services Inc said its board had rejected an unsolicited offer from Kindred Healthcare Inc, saying the offer significantly undervalued the company. Kindred raised its offer to $14.50 per share, or $573 million, in cash earlier this month, but said last week it was prepared to revise or withdraw its offer after reports that Gentiva might be trying to purchase rival Amedisys Inc.
Amedisys, Inc. (Amedisys) is a health care company focused on bringing home the continuum of care. Shares of AMED fell by 4.12% or $-0.72/share to $16.74. In the past year, the shares have traded as low as $10.49 and as high as $18.70. On average, 375455 shares of AMED exchange hands on a given day and today's volume is recorded at 1698095.
Gentiva Health Services, Inc. (Gentiva) is engaged in providing home health services and hospice services. Shares of GTIV fell by 1.12% or $-0.17/share to $15.06. In the past year, the shares have traded as low as $7.35 and as high as $16.13. On average, 517767 shares of GTIV exchange hands on a given day and today's volume is recorded at 407027.
Kindred Healthcare, Inc. is a healthcare services company that through its subsidiaries operates transitional care (TC) hospitals, inpatient rehabilitation hospitals (IRFs), nursing and rehabilitation centers, assisted living facilities, a contract rehabilitation services business and a home health and hospice business across the United States. Shares of KND fell by 1.24% or $-0.29/share to $23.10. In the past year, the shares have traded as low as $12.50 and as high as $26.81. On average, 660777 shares of KND exchange hands on a given day and today's volume is recorded at 1070447.
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