Gentiva Health Services Urges Shareholders To Take No Action In Response To Tender Offer Announcement By Kindred Healthcare
ATLANTA, June 16, 2014 /PRNewswire/ -- Gentiva Health Services, Inc. (NASDAQ: GTIV) today urged Gentiva shareholders to take no action with respect to the announcement by Kindred Healthcare, Inc. (NYSE: KND) that it intends to commence a tender offer to acquire all of the outstanding shares of Gentiva common stock for $14.50 per share in cash. Gentiva said its Board of Directors, consistent with its fiduciary duties, will carefully review all aspects of the proposed offer in consultation with its financial and legal advisors and make a recommendation to Gentiva shareholders, which will be outlined in a Statement on Schedule 14D-9 to be filed with the Securities and Exchange Commission within ten business days of commencement of the Tender Offer.
Gentiva shareholders are advised to take no action at this time pending the Board's recommendation.
Barclays and Edge Healthcare Partners are serving as financial advisors to Gentiva and Greenberg Traurig, LLP is serving as legal advisor.
About Gentiva Health Services, Inc.
Gentiva Health Services, Inc. is one of the nation's largest providers of home health, hospice and community care services, delivering innovative, high quality care to patients across the United States. Gentiva is a single source for skilled nursing; physical, occupational, speech and neurorehabilitation services; hospice services; social work; nutrition; disease management education; help with daily living activities; and other therapies and services. GTIV-G
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SOURCE Gentiva Health Services, Inc.