Boston, MA 06/20/2014 (wallstreetpr) – One of the booming health industry companies, Gentiva Health Services, Inc. (NASDAQ:GTIV) is moving towards reaffirnming its vision in the health services industry. It has recently been faced with offers from Kindered Healthcare, Inc. (NYSE:KND). However, the company is calculating its move before accepting or rejecting any offer. The company has also attended multiple conferences with a view to present its outlook for the year 2014 and discuss its upcoming strategies.
Faced With Tender Offers
GTIV recently confirmed that it has received tender offer from Kindered Healthcare, Inc. (NYSE:KND). The company announced that it has requested it shareholders to not to take any action pertaining to the tender offer placed by KND to acquire all the outstanding shares of the company. KND placed an offer to buy outstanding shares of common stock of GTIV at $14.50/share in cash. In reply, Gentiva Health Services, Inc. (NASDAQ:GTIV) confirmed that its Board of Directors are committed to their fiduciary duties and will take any further decision only after weighing the offer in all aspects.
A meeting has been set up to discuss the financial and legal aspects of the same. Subsequently, a recommendation will be made to GTIV’s shareholder. It will be filed with Securities and Exchange Commission within a time frame of 10 business days of commencement of the Tender Offer.
Participation in Conferences
Gentiva Health Services, Inc. (NASDAQ:GTIV) recently participated in a series of HealthCare conference with an aim to reaffirm its strategies and outlook for the year 2014. The company attended Wells Fargo Securities healthcare Conference that took place on June 17, 2014. GTIV discussed about its potential line-up along with its upcoming projects. Additionally, the Company also attended the Morgan Stanley Leveraged Finance Conference and Global Healthcare Conference. GTIV projected its financial and business outlook for 2014. It reaffirmed its revenue and net income that is attributable to its shareholders after release of its quarterly results last month.
