Kindred Healthcare Pursuit of Gentiva Health Services

Gentiva Health Services rejected a $533 million acquisition proposal from Kindred Healthcare, which is interested in acquiring Gentiva to expand its services to the aging population.

A recently released US Census Bureau report stated that more than 20% of the American population will be at least 65 years old by 2050, increasing from 13% of the total population in 2010, and below 10% in 1970.

The strategic combination of Kindred and Gentiva would further enhance Kindred’s position as the nations premier post-acute care provider. The combined company would:

Serve nearly 127,000 patients per day
Operate in 47 states
Employ approximately 110,000 individuals, making it the 78th largest private employer in the United States
Deliver pro forma annual revenues of approximately $7.2 billion

Kindred stated the acquisition of Gentiva would help accelerate the evolution of population health and medical homes through its combined national platform, and the adoption of best practices in innovation and clinical care in more local communities.

Earlier this year in April, Gentiva had rejected another cash-and-stock offer from Kindred. Gentiva recently purchased Harden Healthcare Services’ home health, community care and hospice business.