San Diego, CA -- (SBWIRE) -- 10/13/2014 -- An investigation on behalf of investors, who currently hold shares of Gentiva Health Services, Inc. (NASDAQ:GTIV), was announced concerning whether the takeover of Gentiva Health Services, Inc. by Kindred Healthcare is unfair to NASDAQ:GTIV stockholders.

Investors who purchased shares of Gentiva Health Services, Inc. (NASDAQ:GTIV) and currently hold any of those NASDAQ:GTIV shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554

The investigation by a law firm concerns whether certain officers and directors of Gentiva Health Services, Inc breached their fiduciary duties owed to NASDAQ:GTIV investors in connection with the proposed acquisition.

In April 2014 and on May 5, 2014, Kindred Healthcare, Inc made non-binding proposals to the Executive Chairman and Chief Executive Officer of Gentiva Health Services, Inc. On May 15, 2014, Gentiva Health Services, Inc. (NASDAQ:GTIV) confirmed that after careful consideration, its Board of Directors, with the assistance of its legal and financial advisors, has rejected an unsolicited, non-binding acquisition proposal from Kindred Healthcare, Inc. On July 14, 2014, Gentiva Health Services, Inc. (NASDAQ:GTIV) announced that Kindred Healthcare, Inc. (NYSE: KND) has announced a revised tender offer to acquire 14.9% of the outstanding shares of Gentiva common stock for $16.00 per share in cash. Gentiva Health Services, Inc. urged its shareholder to take no action in response to the amended offer and on July 17, 2014, Gentiva Health Services, Inc. announced that its Board of Directors determined to reject the partial tender offer from Kindred Healthcare. In addition, the Board of directors of Gentiva Health Services, Inc said it has received a proposal from a recognized owner, operator and investor in the sector to acquire all of the outstanding shares of Gentiva common stock for $17.25 per share in cash.

On July 21, 2014, Gentiva Health Services, Inc. announced that it has received a conditional proposal from Kindred Healthcare, Inc. (NYSE: KND) to acquire all of the outstanding shares of Gentiva common stock also for $17.25 per share.

Then on October 9, 2014, Kindred Healthcare, Inc. (NYSE:KND) and Gentiva Health Services, Inc. (NASDAQ:GTIV) announced that the companies have entered into a definitive merger agreement under which Kindred will acquire all of the outstanding shares of Gentiva Health Services, Inc common stock for $19.50 per share in a combination of cash and stock. Under the terms of the agreement, Gentiva Health Services, Inc shareholders will receive $14.50 per share in cash and $5.00 of Kindred Healthcare, Inc. common stock (which equates to 0.257 shares of Kindred Healthcare, Inc. common stock based upon an agreed upon fixed exchange ratio).

However, given that at least one analyst has set the high target price for NASDAQ: GTIV shares at $20.00 per share, the investigation concerns whether the offer is unfair to NASDAQ:GTIV stockholders. More specifically, the investigation concerns whether the Gentiva Health Services Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Gentiva Health Services, Inc. reported that its annual total Revenue rose from over $1.71 billion in 2012 to over $1.72 billion in 2013. Shares of Gentiva Health Services, Inc. (NASDAQ:GTIV0 grew from $3.59 per share in October 2011 to as high as $13.38 per share in August 2013.

On October 9, 2014, NASDAQ:GTIV shares closed at $19.49 per share.

Those who are current investors in Gentiva Health Services, Inc. (NASDAQ:GTIV) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com