Gentiva Health Services Acquires Washington Home Health and Hospice Provider
Gentiva Health Services, Inc. (NASDAQ: GTIV), the largest provider of home health and hospice services in the United States based on revenue, today announced the acquisition of the home health and hospice businesses of Family Home Care Corporation based in Spokane, Washington.
Founded in 1966, Family Home Care is recognized as one of the leading providers of home health and hospice services in the Washington and Idaho markets.
"The combination of Family Home Care and Gentiva enables us to increase our market density in eastern Washington and northern Idaho and provides us significant long-term growth opportunities as we leverage our home health and hospice capabilities in these markets," said Gentiva CEO Tony Strange. "We look forward to working with Family Home Care's dedicated associates and welcoming them to the Gentiva family."
The transaction will be funded from Gentiva's cash reserves and is not expected to have a material impact on the Company's results.
About Gentiva Health Services, Inc.
Gentiva Health Services, Inc. is the nation's largest provider of home health and hospice services based on revenue, delivering innovative, high quality care to patients across the United States. Gentiva is a single source for skilled nursing; physical, occupational, speech and neurorehabilitation services; hospice services; social work; nutrition; disease management education; help with daily living activities; and other therapies and services. GTIV-G
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