Kindred Healthcare Inc said it is prepared to acquire Gentiva Health Services Inc for $17.25 per share, matching an offer made by an unnamed party last week. In a letter to Gentiva's board on Monday, Kindred said it could make a raised offer if it was permitted to conduct diligence.
Gentiva Health Services, Inc. (Gentiva) is engaged in providing home health services and hospice services. Shares of GTIV fell by 0.06% or $-0.01/share to $17.95. In the past year, the shares have traded as low as $7.35 and as high as $18.29. On average, 566029 shares of GTIV exchange hands on a given day and today's volume is recorded at 389465.
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 1.77% or $0.42/share to $24.19. In the past year, the shares have traded as low as $12.95 and as high as $26.81. On average, 672244 shares of KND exchange hands on a given day and today's volume is recorded at 834546.
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