Gentiva Health Services
Encyclopedia
Gentiva Health Services formerly based in Melville
,
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 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.
Melville, New York
Melville is a hamlet and census-designated place in the town of Huntington in Suffolk County on Long Island, New York, in the United States. As of the 2000 census, 14,533 people resided there.-Location:...
,
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
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
.
Gentiva is a Fortune 1000
Fortune 1000
Fortune 1000 is a reference to a list maintained by the American business magazine Fortune. The list is of the 1000 largest American companies, ranked on revenues alone...
company with approximately $
Dollar
The dollar is the name of the official currency of many countries, including Australia, Belize, Canada, Ecuador, El Salvador, Hong Kong, New Zealand, Singapore, Taiwan, and the United States.-Etymology:...
1.1 billion in annual revenue. Gentiva is also a member of the S&P 600
S&P 600
The S&P 600 SmallCap Index, more commonly known as the S&P 600, is a stock market index from Standard & Poor's. It covers roughly the small-cap range of US stocks, using a capitalization-weighted index...
index, developed by Standard & Poor's
Standard & Poor's
Standard & Poor's is a United States-based financial services company. It is a division of The McGraw-Hill Companies that publishes financial research and analysis on stocks and bonds. It is well known for its stock-market indices, the US-based S&P 500, the Australian S&P/ASX 200, the Canadian...
, featuring small capitalization U.S.-based stocks.
The company offers a range of services, including nursing
Nursing
Nursing is a healthcare profession focused on the care of individuals, families, and communities so they may attain, maintain, or recover optimal health and quality of life from conception to death....
, physical
Physical therapy
Physical therapy , often abbreviated PT, is a health care profession. Physical therapy is concerned with identifying and maximizing quality of life and movement potential within the spheres of promotion, prevention, diagnosis, treatment/intervention,and rehabilitation...
, occupational
Occupational therapy
Occupational therapy is a discipline that aims to promote health by enabling people to perform meaningful and purposeful activities. Occupational therapists work with individuals who suffer from a mentally, physically, developmentally, and/or emotionally disabling condition by utilizing treatments...
, and speech-language therapy
Speech and language pathology
Speech-Language Pathology specializes in communication disorders.The main components of speech production include: phonation, the process of sound production; resonance, opening and closing of the vocal folds; intonation, the variation of pitch; and voice, including aeromechanical components of...
, cardiac
Cardiology
Cardiology is a medical specialty dealing with disorders of the heart . The field includes diagnosis and treatment of congenital heart defects, coronary artery disease, heart failure, valvular heart disease and electrophysiology...
and pulmonary care
Pulmonology
In medicine, pulmonology is the specialty that deals with diseases of the respiratory tract and respiratory disease. It is called chest medicine and respiratory medicine in some countries and areas...
, disease
Disease management (health)
Disease management is defined as "a system of coordinated health care interventions and communications for populations with conditions in which patient self-care efforts are significant." For people who can access health care practitioners or peer support it is the process whereby persons with...
and pain
Pain management
Pain management is a branch of medicine employing an interdisciplinary approach for easing the suffering and improving the quality of life of those living with pain. The typical pain management team includes medical practitioners, clinical psychologists, physiotherapists, occupational therapists,...
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
Morningstar, Inc.
Morningstar, Inc. is an independent investment research company based in Chicago, Illinois, USA.-Businesses:Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for...
, "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
Medco Health Solutions
Medco Health Solutions, Inc is a health care company currently serving the needs of more than 65 million people. Medco provides pharmacy services for private and public employers, health plans, labor unions, government agencies, and individuals served by Medicare Part D Prescription Drug Plans...
(NYSE:MHS), a former division of Merck & Co.
Merck & Co.
Merck & Co., Inc. , also known as Merck Sharp & Dohme or MSD outside the United States and Canada, is one of the largest pharmaceutical companies in the world. The Merck headquarters is located in Whitehouse Station, New Jersey, an unincorporated area in Readington Township...
, for $2.2 billion in February 2005.
In 2006, Gentiva acquired the Atlanta, Georgia-based Healthfield Group, a U.S. provider of home care
Home care
Home Care, , is health care or supportive care provided in the patient's home by healthcare professionals Home Care, (also referred to as domiciliary care or social care), is health care or supportive care provided in the patient's home by healthcare professionals Home Care, (also referred to as...
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
Chicago
Chicago is the largest city in the US state of Illinois. With nearly 2.7 million residents, it is the most populous city in the Midwestern United States and the third most populous in the US, after New York City and Los Angeles...
-based private equity
Private equity
Private equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....
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
Hospice
Hospice is a type of care and a philosophy of care which focuses on the palliation of a terminally ill patient's symptoms.In the United States and Canada:*Gentiva Health Services, national provider of hospice and home health services...
services, for $1.1 billion in cash. The acquisition is expected to increase Gentiva's revenue to approximately $1.8 billion annually.
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 TimesThe New York TimesThe New York Times is an American daily newspaper founded and continuously published in New York City since 1851. The New York Times has won 106 Pulitzer Prizes, the most of any news organization...
, August 26, 2000. - "Gentiva to Appeal Ruling", The New York TimesThe New York TimesThe New York Times is an American daily newspaper founded and continuously published in New York City since 1851. The New York Times has won 106 Pulitzer Prizes, the most of any news organization...
, May 22, 2001. - "City Plans Home Health Contract for Company Renamed After Fraud", The New York TimesThe New York TimesThe New York Times is an American daily newspaper founded and continuously published in New York City since 1851. The New York Times has won 106 Pulitzer Prizes, the most of any news organization...
, 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 FoolMotley FoolThe Motley Fool is a multimedia financial-services company that provides financial solutions for investors through various stock, investing, and personal finance products. The Alexandria, Virginia-based private company was founded in July 1993 by co-chairmen and brothers David and Tom Gardner, and...
, February 17, 2005.