Sep 3 2009
Gentiva Health Services, Inc. (Nasdaq: GTIV), a leading provider of comprehensive home health services, announced today that it has completed its acquisition of Rush Home Care, Inc. (d/b/a Magna Home Health), a part of the Rush Health System, located in central Mississippi and west central Alabama. The purchase was funded from Gentiva's existing cash reserves.
"We extend a warm welcome to all Magna Home Health employees and anticipate a smooth transition as we enter seven new counties requiring a certificate of need to participate in the delivery of home health services," said Gentiva CEO and President Tony Strange. "We also look forward to the possibility of bringing our groundbreaking specialty home health programs and other Gentiva services to these areas as yet another way to differentiate us from the competition and build strong relationships with physicians and payers."
The acquisition is not expected to have a material impact on Gentiva's financial position or results of operations in 2009.