Hospital operator Kindred Healthcare Inc said it would purchase home healthcare services provider Gentiva Health Services Inc for about $573 million. Kindred's offer of $14.50 per share in cash represents a premium of 3.65 percent to Gentiva's closing price on Monday.
Gentiva Health Services, Inc. (Gentiva) is engaged in providing home health services and hospice services. Shares of GTIV traded higher by 0.72% or $0.1/share to $13.99. In the past year, the shares have traded as low as $7.35 and as high as $14.50. On average, 483123 shares of GTIV exchange hands on a given day and today's volume is recorded at 356970.
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 traded higher by 0.94% or $0.24/share to $25.74. In the past year, the shares have traded as low as $12.50 and as high as $26.81. On average, 492306 shares of KND exchange hands on a given day and today's volume is recorded at 229415.
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