2014

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

Forward-Looking Statements

This press release may contain written "forward-looking statements" within the meaning of the U.S. federal securities laws. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  Forward-looking statements include all statements that do not relate solely to historical or current facts, and can be identified by the use of words such as "expect," "intend," "plan," "believe," "project," "anticipate," "seek," "will," "likely," "estimate," "may," "continue," "deliver," and similar expressions of a future or forward-looking nature. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements presented herein to reflect any change in expectations or any change in events, conditions or circumstances on which any such statements are based.  Factors that could adversely affect the Company's business and prospects are described in the filings made by the Company with the SEC.


 
Financial and Investor Contact:

 

Eric Slusser


 

770-951-6101


 

eric.slusser@gentiva.com

or       

John Mongelli


 

770-951-6496


 

john.mongelli@gentiva.com


 

 

Media Contact:


 

Kekst and Company


 

Tom Davies


 

(212) 521-4873


 

Tom-davies@kekst.com

or

Andrea Calise


 

(212) 521-4845


 

Andrea-calise@kekst.com


 

 

SOURCE Gentiva Health Services, Inc.



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