Kindred Healthcare has succeeded in its quest to acquire Gentiva Health Services. The companies announced Thursday morning they would combine to create the fourth-biggest healthcare provider of any type in the United States. The $1.8 billion deal was approved by the boards of both companies, ending Kindred's five-month hostile takeover bid for the home health provider.
Life Care Centers of America is shedding its related home health business in a $10 million sale to LHC Group Inc., the company announced.
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It's a rare day when we don't get a new press release touting the latest property merger or acquisition. Virtually all of them tend to memorialize participants who are trying to move up or move on.