Home healthcare provider Gentiva rejects Kindred Health's offer

Mon Jun 30, 2014 6:03pm EDT

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(Reuters) - Home healthcare service provider Gentiva Health Services Inc (GTIV.O) said its board had rejected an unsolicited offer from Kindred Healthcare Inc (KND.N), saying the offer significantly undervalued the company.

Kindred raised its offer to $14.50 per share, or $573 million, in cash earlier this month, but said last week it was prepared to revise or withdraw its offer after reports that Gentiva might be trying to buy rival Amedisys Inc (AMED.O).

(Reporting by Ramkumar Iyer in Bangalore; Editing by Kirti Pandey)