Gentiva Health Services Acquires Louisiana Home Health Agency
Published: 24-Jun-2009
Transaction to allow Gentiva to accept more referrals and expand coverage in Louisiana
Gentiva Health Services, a provider of comprehensive home health services, has acquired Mid-State Home Health in Louisiana.
Tony Strange, President and CEO, Gentiva, said Combining forces with Mid-State will allow us to accept more referrals and expand our coverage in Louisiana.
We look forward to working with Mid-State's dedicated associates and building on their strong history and reputation to offer a growing range of skilled nursing and therapies to patients in their homes, he added.
The transaction is being funded from Gentiva' existing cash reserves. Gentiva claims that the acquisition is not expected to have a material impact on the company's financial position or results of operations in 2009.
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