What began as an $1.6 billion proposal to acquire home health competitor Gentiva Health Services, Inc. (NYSE:GTIV) has escalated into an all out bidding war between Kindred Healthcare, Inc. (NYSE:KND) and an unnamed mystery bidder. Kindred has unsuccessfully been able to woo Gentiva into accepting any of its purchase proposals since its initial offer in […]
Gentiva Health Services
While many for-profit and non-profit senior living organizations are branching out and offering a broader spectrum of care services to residents, one major provider says it’s going to stick to what it’s good at: senior housing. That’s not to say residents in Texas-based Capital Senior Living’s (NYSE:CSU) communities won’t have access to care services. “We choose […]
Home health payment cuts are forcing one large industry player to close nearly 50 offices and lay off hundreds of employees, reducing the availability of home care services for seniors. Gentiva Health Services (NASDAQ:GTIV), the largest home health provider in the U.S., announced Thursday that it would be shuttering 46 of its home care locations […]
LTC Properties to Buy Skilled Nursing Property for $14.4 Million LTC Properties, Inc. (NYSE:LTC) recently announced an agreement to purchase a 120-bed skilled nursing facility in Trinity, Fla. for $14.4 million. The property was built in 2008 and will be added to a master lease at an incremental initial cash yield of 8.75%. The operator […]
Odyssey Hospice, part of Gentiva Health Services, Inc. (NASDAQ:GTIV), announced on Feb. 17 that it has entered a settlement agreement with the Department of Justice, and a five-year Corporate Integrity Agreement with the Office of Inspector General of the Department of Health and Human Services, following an investigation of Odyssey HealthCare, Inc.’s continuous care services. […]
Gentiva Health Services, Inc. (NASDAQ:GTIV), the the largest provider of home health and hospice services in the U.S. based on revenue, reported its fourth quarter and 2011 results on Feb. 7, showing losses of more than $449.8 million in the full fiscal year for a net loss attributable to shareholders of $450.5 million, or ($14.85) per […]
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