Kindred Healthcare Inc said it is prepared to purchase Gentiva Health Services Inc for $17.25 per share, matching an offer by an unnamed party last week.Gentiva shares were marginally up at $18 after markets closed on Monday.Kindred could make a raised offer if it was permitted to conduct diligence, the hospital operator said in a letter to Gentiva's board on Monday.It was also willing to enter into "appropriate confidentiality and standstill agreements."
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, 563270 shares of GTIV exchange hands on a given day and today's volume is recorded at 389468.
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, 674780 shares of KND exchange hands on a given day and today's volume is recorded at 834546.
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