Kindred overcomes Gentiva objections, forges $1.8 billion acquisition to expand gigantic healthcare 'ecosystem'October 10, 2014
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.
Some might wonder why a skilled care giant like Kindred Healthcare would launch a $533 million hostile takeover bid of home-health provider Gentiva. The real question should be why such efforts haven't been happening more often.
Kindred Healthcare has launched a hostile takeover to acquire home health company Gentiva, announcing a $533 million bid Thursday. The total deal would be valued at $1.6 billion, including assumed debt.
Leading long-term care pharmacy provider Omnicare, which announced this week that it has ended its efforts to takeover competitor PharMerica, posted a profit in the fourth quarter.
If there's anything the Golden Globes awards show taught us again Sunday night it is this: When big people talk, they make inordinately loud noise, no matter how high the volume on their microphones may be. Expect some loud noise soon in the long-term care arena over Omnicare's hostile takeover bid of rival PharMerica.