(Corrects valuation of Gentiva in paragraph 1 to about $589
million from about $2.53 billion)
July 14 Hospital operator Kindred Healthcare Inc
raised its offer for Gentiva Health Services Inc
to $16 per share, valuing the company at about $589
Gentiva's stock rose about 2 percent to $16.08 in trading
before the bell on Monday.
The sweetened offer tops Kindred's previous offer of $14.50
per share, which was rejected by the Gentiva board on June 30.
Kindred first offered $14 per share in May
The company is looking to acquire 14.9 percent of Gentiva's
shares, making it the largest shareholder, after Gentiva adopted
a "poison pill" with a trigger of 15 percent.
(Reporting by Natalie Grover in Bangalore; Editing by Sriraj