Kindred Healthcare in $1.8 Billion Acquisition of Gentiva Health Services

February 2, 2015

Cleary Gottlieb represented Kindred Healthcare in its acquisition of Gentiva Health Services for a combination of cash and Kindred common stock. The transaction, which was announced October 9, was valued at $1.8 billion, including the assumption of Gentiva debt. The transaction closed on February 2, 2015.

Cleary Gottlieb previously represented Kindred in connection with its unsolicited proposal to acquire Gentiva, announced May 15, 2014, and subsequent unsolicited all-cash tender offer for the outstanding Gentiva shares.

Kindred, a top-150 private employer in the United States, is a FORTUNE 500 healthcare services company based in Louisville, Kentucky, with annual revenues of $5 billion and approximately 63,000 employees in 47 states. Gentiva is one of the nation’s largest providers of home health, hospice and community care services. Gentiva is a single source for skilled nursing; physical, occupational, speech and neurorehabilitation services; hospice services; social work; nutrition; disease management education; help with daily living activities; and other therapies and services.