Gentiva Health Services
From Wikipedia, the free encyclopedia
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[1], Gentiva is a Fortune 1000 company with $870 million in annual revenue. The company 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"[2].
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[3]. 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[4].
[edit] External links
- Gentiva Health Services' Official Web Site.
- Gentiva Health Services' profile at Yahoo Finance.
- "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.
- "Feds Conclude Investigation of Payments to Gentiva", Long Island Business News, November 16, 2001.
- "Gentiva Makes $415M Deal", Newsday, January 3, 2002.
- "More Work to Do at Gentiva", Motley Fool, February 17, 2005.
- "Long Island-based Gentiva Health Services Plans Healthfield Buy", Long Island Business News, January 5, 2006.
