North Mississippi Hospice Has New Owner
FROM COMPANY PRESS RELEASE
Gentiva® Health Services Acquires Mississippi Hospice Provider
ATLANTA, Sept. 11, 2012 /PRNewswire/ — Gentiva Health Services, Inc. (NASDAQ: GTIV), the largest provider of home health and hospice services in the United States based on revenue, today announced the acquisition of North Mississippi Hospice, based in Oxford, Mississippi. Founded in 2006, North Mississippi Hospice has offices in Tupelo, Oxford and Southaven, Mississippi.
“This transaction enables us to expand our geographic coverage in Mississippi and is consistent with our strategy of adding high quality, clinically focused hospice providers that make strategic sense and complement our organic growth initiatives,” said Gentiva CEO Tony Strange. “We are pleased to have North Mississippi join the Gentiva family and look forward to working with them as we expand our presence in northern Mississippi.”
The transaction is being funded from Gentiva’s cash reserves and is not expected to have a material impact on the Company’s financial results.