Kindred Healthcare Inc said it would purchase Gentiva Health Services Inc in a cash and stock deal valued at $1.8 billion, including the assumption of net debt. Kindred said the deal, which it valued at $19.50 per share, would enhance its position as a post-acute care and rehabilitation service provider.
Gentiva Health Services, Inc. (Gentiva) is engaged in providing home health services and hospice services. Shares of GTIV remained unchanged at $16.71. In the past year, the shares have traded as low as $7.35 and as high as $18.93. On average, 367208 shares of GTIV exchange hands on a given day and today's volume is recorded at 337401.
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 remained unchanged at $19.74. In the past year, the shares have traded as low as $13.13 and as high as $26.81. On average, 733158 shares of KND exchange hands on a given day and today's volume is recorded at 434133.
Source
