Kindred Healthcare to buy Gentiva for about $573 mln

June 16 Mon Jun 16, 2014 4:29pm EDT

June 16 (Reuters) - Hospital operator Kindred Healthcare Inc said it would buy home healthcare services provider Gentiva Health Services Inc for about $573 million.

Kindred's offer of $14.50 per share in cash represents a premium of 3.65 percent to Gentiva's closing price on Monday.

With the assumption of Gentiva's debt, the deal will be valued at about $1.7 billion, Kindred said. (Reporting by Ankit Ajmera in Bangalore; Editing by Maju Samuel)