GentivaŽ Health Services Announces Board and Management Appointments
ATLANTA, May 26, 2011 /PRNewswire/ -- Gentiva Health Services, Inc. (NASDAQ: GTIV) (the "Company") today announced that at the Company's annual shareholder meeting on May 12, 2011, Tony Strange, CEO and President, was named Chairman of the Board, succeeding Ron Malone, who remains a Director.
Separately, the Company named David Causby President of the Home Health Division and Jeff Shaner President of the Hospice Division.
Tony Strange commented, "Speaking on behalf of the entire Board, we appreciate Ron's services as our Chairman and look forward to his continued contributions to the Board. In addition, David and Jeff have done an outstanding job in key leadership roles in our home health and hospice segments as we've integrated last year's acquisition of Odyssey. Their elevation to President of their respective businesses solidifies our senior leadership moving forward."
David Causby joined Gentiva in 2003 and most recently served as the Senior VP of Operations for the Home Health Division. He previously held various positions at Gentiva, including VP of Operations for the Home Health Division, VP of Operations for the Western Region, and VP of Operations for the Carolinas Region.
Jeff Shaner joined the Company in 2002 as VP of Operations at Total Care, Inc., which was subsequently acquired by the Healthfield Group, where he became VP of Operations for Home Health. After Healthfield was purchased by Gentiva in 2006, Shaner served as VP of Operations for the Southeast Region, VP of Operations for the Home Health Division, and most recently, Senior VP of Operations for the Hospice Division.
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. In August 2010, Gentiva acquired Odyssey HealthCare, Inc., one of the largest providers of hospice care in the United States. GTIV-G
Certain statements contained in this news release, including, without limitation, statements containing the words "believes," "anticipates," "intends," "expects," "assumes," "trends" and similar expressions, constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based upon the Company's current plans, expectations and projections about future events. However, such statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These factors include, among others, the following: economic and business conditions, including the ability to access capital markets; demographic changes; changes in, or failure to comply with, existing governmental regulations; the impact on our Company of recently passed healthcare reform legislation and its subsequent implementation through governmental regulations; changes in Medicare, Medicaid and commercial payer reimbursement levels; the outcome of any inquiries into the Company's operations and business practices by governmental authorities; the Company's ability to effectively integrate Odyssey's operations; effects of competition in the markets in which the Company operates; liability and other claims asserted against the Company; ability to attract and retain qualified personnel; availability and terms of capital; loss of significant contracts or reduction in revenues associated with major payer sources; ability of customers to pay for services; business disruption due to natural disasters, pandemic outbreaks, or terrorist acts; ability to successfully integrate the operations of acquisitions the Company may make and achieve expected synergies and operational efficiencies within expected time-frames; effect on liquidity of the Company's debt service requirements; and changes in estimates and judgments associated with critical accounting policies and estimates. For a detailed discussion of certain of these and other factors that could cause actual results to differ from those contained in this news release, please refer to the Company's various filings with the Securities and Exchange Commission (SEC), including the "Risk Factors" section contained in the Company's annual report on Form 10-K for the year ended December 31, 2010.
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SOURCE Gentiva Health Services, Inc.