Gentiva Health Services
From Wikipedia, the free encyclopedia
Gentiva Health Services (NASDAQ: GTIV), formerly based in Long Island, New York and now in Atlanta, Georgia, is one of the largest providers of home health care and related services in the United States.
Gentiva is a Fortune 1000 company with approximately $1.1 billion in annual revenue. Gentiva is also a member of the S&P 600 index, developed by Standard & Poor's, featuring small capitalization U.S.-based stocks.
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 services[1]
Gentiva provides health services to over half a million patients annually[2] through over 380 U.S. locations in 39 states[3]. According to Morningstar, "Gentiva is a gentle giant...the nation's largest home health care services firm."[4]
Gentiva companies include Donelson, Emerald Coast, Gilbert's, Healthfield Group, Heritage, Horizon, Hospice of Charleston, Lazarus House, Tar Heel, Total Care and Wiregrass[5].
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.[6] Accredo, in turn, was acquired by Medco (NYSE:MHS), a former division of Merck & Co., for $2.2 billion in February 2005[7].
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.[8] In 2008, Gentiva sold a majority stake of its benefit management business, CareCentrix, to Water Street Healthcare Partners, a Chicago-based private equity firm.[9]
[edit] References
- ^ [1] Pharmaceutical Business Review profile
- ^ http://nslpn.com/senior-care-jobs//employer/company/481/gentiva
- ^ http://biz.yahoo.com/e/090312/gtiv10-k.html
- ^ Gentiva Health Services, Inc. Company Profile - Yahoo! Finance
- ^ http://www.pharmaceutical-business-review.com/companies/gentiva_health_services_inc
- ^ Gentiva Makes $415M Deal - Newsday - HighBeam Research
- ^ http://www.webpronews.com/topnews/2005/02/23/medco-and-accredo-combine
- ^ "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.
[edit] External links
- 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.
- "Customer Concerns Mount in Tragedy Aftermath", CRM Daily, September 12, 2001.
- "Feds Conclude Investigation of Payments to Gentiva", Long Island Business News, November 16, 2001.
- "Gentiva Makes $415M Deal", Newsday, January 3, 2002.
- 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.
