ATLANTA, Oct. 20 Gentiva Health Services, Inc. (Nasdaq: GTIV), a leading provider of comprehensive home health services, announced today that it has completed its acquisition of the Medicare certified assets of Coordinated Home Health Care, Inc., which has three offices in New Mexico and Texas. Terms of the transaction were not disclosed.
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The addition of locations in Las Cruces and Silver City, New Mexico and in El Paso, Texas expands Gentiva's coverage in these two states where it currently operates under the Gentiva brand.
"We would like to welcome all Coordinated Home Health Care employees to the Gentiva family. These new locations not only strengthen our presence in New Mexico and Texas but also demonstrate our focus on making acquisitions in attractive markets," said Gentiva CEO and President Tony Strange. "We look forward to offering more of our innovative specialty home health programs and other services to these locations."
The acquisition is not expected to have a material impact on Gentiva's financial position or results of operations in 2009.
About Gentiva Health Services, Inc.
Gentiva Health Services, Inc. is a leading provider of comprehensive home health services, 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; respiratory therapy and home medical equipment; infusion therapy services; and other therapies and services. For more information, visit Gentiva's web site, http://www.gentiva.com, and its investor relations section at http://investors.gentiva.com. GTIV-G
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SOURCE Gentiva Health Services, Inc.