July 17, 2014 / 8:56 PM / 3 years ago

Gentiva gets buyout offer, rejects Kindred's proposal

July 17 (Reuters) - Gentiva Health Services Inc rejected Kindred Healthcare Inc’s offer to buy a stake in the home healthcare services provider in favor of a buyout offer from an unnamed party.

Gentiva said it got a $17.25 per share buyout offer from “a recognized owner, operator and investor in the sector” on Thursday.

Earlier this week, Kindred had raised its hostile bid to $16 per share for a 14.9 percent stake in Gentiva, stepping up its pursuit of the home healthcare services provided by Gentiva to an aging U.S. population. (Reporting By Amrutha Penumudi in Bangalore; Editing by Savio D‘Souza)

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