Local News
2:20 pm
Thu October 9, 2014

Kindred Healthcare buying Gentiva in $719.6M deal

Kindred's building in downtown Louisville.
Credit James McNair/Kentucky Center for Investigative Reporting

Kindred Healthcare Inc. is buying home health and hospice care provider Gentiva Health Services Inc. in a cash-and-stock deal valued at about $719.6 million, sealing a deal after previous rejections by Gentiva.

Kindred will pay $14.50 per share in cash and $5 of its common stock.

The companies put the transaction's value at $1.8 billion, including the assumption of debt.

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11:31 am
Mon March 24, 2014

Louisville-Based Kindred Healthcare's Chairman Snares Loaded Retirement Package

Credit James McNair/Kentucky Center for Investigative Reporting

At Kindred Healthcare Inc., retirement gifts have gone way beyond the farewell cake, the cheap wristwatch and the sendoff reception at the local sports bar.

Last December the Louisville-based hospital and nursing home chain announced that its chairman, Edward Kuntz, would be quitting the board of directors after its annual shareholders meeting in May. Kuntz is 68 and has been chairman since 1999. Until 2004, he was also the company’s chief executive. “

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