Gentiva Health Services
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Gentiva Health Services (NASDAQ: GTIV), formerly based in Melville, Long Island, New York and now in Atlanta, Georgia, is the largest provider of home health care, hospice and related services in the United States.
The company offers a range of services, including nursing, physical, occupational, and speech-language therapy, cardiac and pulmonary care, disease and pain management, and other health and medical services.
Gentiva provides health services to over half a million patients annually through over 380 U.S. locations in 39 states. According to Morningstar, "Gentiva is a gentle giant...the nation's largest home health care services firm."
Gentiva companies include Donelson, Emerald Coast, Gilbert's, Healthfield Group, Heritage, Horizon, Hospice of Charleston, Lazarus House, Tar Heel, Total Care and Wiregrass.
In 2002, Gentiva sold its specialty pharmaceutical services division, which administered infusion and injectable pharmaceuticals to patients with both acute and chronic disease, to Accredo Health Inc. for $415 million in cash and stock. Accredo, in turn, was acquired by Medco (NYSE:MHS), a former division of Merck & Co., for $2.2 billion in February 2005.
In 2006, Gentiva acquired the Atlanta, Georgia-based Healthfield Group, a U.S. provider of home care and pharmaceutical services, for $454 million in cash and stock. In 2008, Gentiva sold a majority stake of its benefit management business, CareCentrix, to Water Street Healthcare Partners, a Chicago-based private equity firm.
On May 24, 2010, Gentiva announced that it had entered into an agreement to purchase Odyssey Healthcare, a Dallas-based national provider of hospice services, for $1.1 billion in cash. The acquisition is expected to increase Gentiva's revenue to approximately $1.8 billion annually.
-  Pharmaceutical Business Review profile
- Gentiva Health Services, Inc. Company Profile - Yahoo! Finance
- Gentiva Makes $415M Deal - Newsday - HighBeam Research
- "Long Island-based Gentiva Health Services Plans Healthfield Buy." Long Island Business News, January 5, 2006.
- "Gentiva Health Services Completes Sale of Majority Stake in CareCentrix Unit," September 25, 2008.
- "Gentiva to buy hospice care firm for $1 billion," The New York Times, May 24, 2010.
- Gentiva Health Services Official Web Site.
- Gentiva Health Services profile at NNDB.
- "Gentiva Considers Sale of Staffing Business", Home Health Provider, August 2, 2000.
- "Gentiva Health Services to Sell Staffing Unit", The New York Times, August 26, 2000.
- "Gentiva to Appeal Ruling", The New York Times, May 22, 2001.
- "City Plans Home Health Contract for Company Renamed After Fraud", The New York Times, July 10, 2001.
- "Feds Conclude Investigation of Payments to Gentiva", Long Island Business News, November 16, 2001.
- Gentiva's 8-K SEC filing on sale of specialty pharmaceutical business, Edgar Online, January 7, 2002.
- "More Work to Do at Gentiva", Motley Fool, February 17, 2005.