Kindred and Gentiva Reach Definitive Agreement Creating Nation-Wide Integrated Care Delivery System Preferred by Consumers and Payors
Combination Will Help Transform the American Healthcare Delivery System by Providing Patient-Centered, Coordinated Care at Home and Across the Continuum of Care
Combined Company Will Have Pro Forma Annual Revenues of Approximately $7.1 Billion1 and Operating Income of $1.0 Billion1
Transaction Expected to be Immediately and Significantly Accretive to Kindred Earnings and Cash Flows2, with More Than $70 Million of Expected Synergies, Accelerating Kindred’s Growth and Creating Significant Value for the Shareholders of Both Companies
LOUISVILLE, Ky. & ATLANTA-- Kindred Healthcare, Inc. (“Kindred” or the “Company”) (KND) and Gentiva Health Services, Inc. (“Gentiva”) (GTIV) today announced that the companies have entered into a definitive merger agreement under which Kindred will acquire all of the outstanding shares of Gentiva common stock for $19.50 per share in a combination of cash and stock. The agreement was unanimously approved by the boards of directors of both companies.
- Published: 09 October 2014
- Written by Editor