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Genesis, Skilled deal emblematic of post-acute care growth
By Bob Herman | August 21, 2014 | Basic Web Basic Web Subscription Details
The recently announced merger between Genesis HealthCare and Skilled Healthcare Group will create one of the largest post-acute-care companies in the country with $5.5 billion in pro forma revenue—and the transaction also may have an impact on another pending deal within the sector.
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News
Kindred reports growth in core operations, but one-time charges drag down net income
By Beth Kutscher | August 07, 2014 | Basic Web Basic Web Subscription Details
Kindred Healthcare, a Louisville, Ky.-based post-acute-care operator, on Thursday reported growth in its core operations during the second quarter from higher volume, new acquisitions and cost controls. But restructuring and other charges hurt the company's bottom line.
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News
Gentiva Q2 financials and shares climb as suitors circle
By Beth Kutscher | August 05, 2014 | Basic Web Basic Web Subscription Details
Gentiva Health Services on Tuesday reported 57.8% higher net income in the second quarter of 2014 than the same period last year. The Atlanta-based company, which is being circled by two suitors, attributed the improvement to its restructuring strategy and the October acquisition of Harden...
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News
Kindred makes its case for a full Gentiva takeover
By Beth Kutscher | July 29, 2014 | Basic Web Basic Web Subscription Details
One day after Kindred Healthcare abandoned its plan to acquire a 14.9% stake in Gentiva Health Services, the post-acute-care operator is stepping up its efforts to pursue a full takeover of Gentiva at $17.25 a share.
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News
Kindred drops partial tender offer for Gentiva to pursue entire company
By Beth Kutscher | July 28, 2014 | Basic Web Basic Web Subscription Details
Kindred Healthcare late Monday said it will drop efforts to purchase a 14.9% stake in Gentiva and will instead enter due diligence to submit a potential offer for the entire company that would be valued at $17.25 per share.
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News
Gentiva says Kindred can see financials if tender offer is dropped
By Beth Kutscher | July 24, 2014 | Basic Web Basic Web Subscription Details
Gentiva Health Services, which repeatedly has been turning aside takeover overtures from Kindred Healthcare, has decided to open its books to Kindred and a rival unnamed suitor courting the home health and hospice operator with $17.25 per share offers.
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News
Kindred ups Gentiva bid to $17.25 a share, countering mystery suitor
By Beth Kutscher | July 21, 2014 | Basic Web Basic Web Subscription Details
Kindred Healthcare, determined to acquire Gentiva Health Services, has fired back against Gentiva's claim last week that it has a mystery white knight bidder in the wings. Kindred said Monday that it is prepared to counter the $17.25-per-share bid from the unnamed, third-party bidder to secure a...
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Magazine
Analysts speculate about Gentiva's mystery bidder
By Bob Herman | July 19, 2014 | Print Magazine Print Magazine Subscription Details
Gentiva Health Services, the object of unwanted advances to buy a portion of its stock by Louisville, Ky.-based Kindred Healthcare, announced Thursday it had found an unnamed white-knight bidder willing to pay $17.25 per share, or roughly $635 million, for all of Gentiva.
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News
Four private-equity firms seen as possible Gentiva suitors
By Bob Herman | July 18, 2014 | Basic Web Basic Web Subscription Details
Gentiva Health Services' mystery white knight bidder is likely a private-equity firm, analysts agree. GTCR, Cressey & Co., Formation Capital, and even Wall Street powerhouse Kohlberg Kravis Roberts & Co. are among the leading candidates pinpointed by analysts as likely to be willing to pay roughly...
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News
Gentiva rejects Kindred's final offer as new suitor joins mix
By Bob Herman | July 17, 2014 | Basic Web Basic Web Subscription Details
Gentiva Health Services shot down Kindred Healthcare's $16-per-share offer as a new, undisclosed buyer entered the fray.
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