Gentiva Health Services Inc Closes Harden Healthcare Acquisition

Friday, 18 Oct 2013 12:06pm EDT 

Gentiva Health Services Inc announced the closing of its acquisition of Harden Healthcare Holdings, Inc. (Harden). Under the terms of the merger agreement, Gentiva acquired Harden's home health, hospice and community care businesses. Harden's existing shareholders retained the company's long-term care business. The purchase price paid by Gentiva was $408.8 million, consisting of $355 million in cash and $53.8 million in Gentiva common stock. Gentiva funded the cash portion of the purchase price through available cash and a new credit facility. As part of the new credit facility, the Company entered into a new $825 million term loan facility which was used to fund the transaction and refinance its existing term loans. 

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