New York, July 22, 2014 -- Moody's Investors Service commented that Kindred Healthcare Inc.'s announcement that it would increase its offer to acquire the equity of Gentiva Health Services, Inc. (B3 negative) to $17.25 per share does not change its view that the acquisition -if ultimately consummated -is a credit negative. However, the increased offer does not currently impact the company's ratings, including the B1 Corporate Family Rating and B1-PD Probability of Default Rating. The negative rating outlook also remains unchanged. Moody's estimates that the increase from Kindred's previous offer of $14.50 per share would have only a modest impact on our estimate of resulting leverage of the combined company.

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