Market Overview

Kindred Up 6%; Susquehanna Sees 'Cleaner Path' For Gentiva Bid

Related KND
Kindred Healthcare, Inc. Appoints Tammy Barker As Senior VP Of Clinical And Residential Services Of Its Nursing Center Division
Earnings Scheduled For August 6, 2014
Related GTIV
Top 4 Stocks In The Home Health Care Industry With The Highest ROE
DaVita Scales 52-Week High on Q2 Beat and Raised Outlook

Kindred Healthcare (NYSE: KND) gained nearly six percent Tuesday on speculation that its hopes to acquire Gentiva Health Services (NASDAQ: GTIV) are getting more realistic.

Gentiva has two offers of $17.25 on the table: one from Kindred and one from an unnamed bidder widely believed to be Formation Capital, an investment management firm that owns Genesis HealthCare.

Genesis agreed Monday to merge with Skilled Healthcare (NYSE: SKH) in a stock swap. Susquehanna analyst Chris Rigg said it's unlikely that Formation Capital can pursue two major and complex deals at the same time.

Rigg said the Genesis deal "creates a cleaner path" for Kindred's bid on Gentiva.

Gentiva fell 2.5 percent Tuesday to 18.35 per share, while Kindred traded up 5.6 percent to $21.31.

Latest Ratings for KND

May 2014Craig-HallumInitiates Coverage onBuy
Apr 2014RBC CapitalUpgradesSector PerformOutperform
Mar 2014CitigroupMaintainsHold

View More Analyst Ratings for KND
View the Latest Analyst Ratings

Posted-In: Analyst Color News M&A Hot Intraday Update Analyst Ratings


Related Articles (GTIV + KND)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters