Gentiva Health Services


Gentiva Health Services

Gentiva Health Services, headquartered in Long Island, New York, is one of the largest providers of health care and specialty pharmaceutical services in the United States.

A publicly traded Nasdaq|GTIV company, [ [http://finance.yahoo.com/q?s=gtiv GTIV: Summary for GENTIVA HLTH SVCS - Yahoo! Finance ] ] Gentiva is a Fortune 1000 company with $870 million 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.

Gentiva provides health services in nearly every state in the nation and maintains over 300 U.S. locations. According to "Morningstar", "Gentiva is a gentle giant...the nation's largest home health care services firm." [ [http://biz.yahoo.com/ic/100/100330.html Gentiva Health Services, Inc. Company Profile - Yahoo! Finance ] ]

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. [ [http://www.highbeam.com/library/doc0.asp?DOCID=1P1:49300425&num=37&ctrlInfo=Round7%3AProd%3ASR%3AResult&ao= Gentiva Makes $415M Deal - Newsday - HighBeam Research ] ] 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 health and pharmaceutical services, for $454 million in cash and stock. [ [http://www.findarticles.com/p/articles/mi_qn4189/is_20060105/ai_n15995860 LI-based Gentiva Health Services plans Healthfield buy | Long Island Business News | Find Articles at BNET.com ] ] In 2008, Gentiva sold a majority stake of its benefit management business, CareCentrix, to Water Street Healthcare Partners, a Chicago-based private equity firm. [ [http://investors.gentiva.com/releasedetail.cfm?ReleaseID=336855 "Gentiva Health Services Completes Sale of Majority Stake in CareCentrix Unit," September 25, 2008.] ]

References

External links

* [http://www.gentiva.com Gentiva Health Services Official Web Site] .
* [http://finance.yahoo.com/q?s=gtiv Gentiva Health Services profile at Yahoo Finance] .
* [http://www.nndb.com/company/020/000051864/ Gentiva Health Services profile at NNDB] .
* [http://www.homehealthprovider.com/Content/news/article.asp?Bucket=Article&DocID=c99ce2fd-67d0-11d4-8c57-009027de0829&VNETCOOKIE=NO "Gentiva Considers Sale of Staffing Business"] , "Home Health Provider", August 2, 2000.
* [http://query.nytimes.com/gst/fullpage.html?res=9D02EED81331F935A1575BC0A9669C8B63 "Gentiva Health Services to Sell Staffing Unit"] , "The New York Times", August 26, 2000.
* [http://query.nytimes.com/gst/fullpage.html?res=9C06E5DE153DF931A15756C0A9679C8B63 "Gentiva to Appeal Ruling"] , "The New York Times", May 22, 2001.
* [http://query.nytimes.com/gst/fullpage.html?res=9804E0DA1138F933A25754C0A9679C8B63 "City Plans Home Health Contract for Company Renamed After Fraud"] , "The New York Times", July 10, 2001.
* [http://www.crm-daily.com/perl/story/13481.html "Customer Concerns Mount in Tragedy Aftermath"] , "CRM Daily", September 12, 2001.
* [http://www.allbusiness.com/north-america/united-states-new-york/955716-1.html "Feds Conclude Investigation of Payments to Gentiva"] , "Long Island Business News", November 16, 2001.
* [http://www.highbeam.com/library/doc0.asp?DOCID=1P1:49300425&num=37&ctrlInfo=Round7%3AProd%3ASR%3AResult&ao= "Gentiva Makes $415M Deal"] , "Newsday", January 3, 2002.
* [http://sec.edgar-online.com/2002/01/07/0000950162-02-000028/Section5.asp Gentiva's 8-K SEC filing on sale of specialty pharmaceutical business] , Edgar Online, January 7, 2002.
* [http://www.fool.com/news/mft/2005/mft05021722.htm "More Work to Do at Gentiva"] , Motley Fool, February 17, 2005.
* [http://www.findarticles.com/p/articles/mi_qn4189/is_20060105/ai_n15995860 "Long Island-based Gentiva Health Services Plans Healthfield Buy"] , "Long Island Business News", January 5, 2006.


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