Hospice services also growing and merging and this is pretty big deal. Everything will eventually be located in Louisville. BD
Kindred Healthcare Inc. will buy Atlanta-based home health, hospice and community care services company Gentiva Health Services Inc. in a $1.8 billion deal.
As part of the sale, Gentiva’s (NASDAQ: GTIV) headquarters will move to Kindred’s home base in Louisville, Ky. The company said it will keep a “significant, regional presence” in Atlanta.
The deal makes Kindred (NYSE: KND) the largest home health and hospice organization in the United States. The combined company will serve more than 1 million patients annually, operate in 47 states and employ 109,000. It will generate $7.1 billion in annual revenue.
About Kindred Healthcare
Kindred Healthcare, Inc., a top-150 private employer in the United States, is a FORTUNE 500 healthcare services company based in Louisville, Kentucky with annual revenues of $5 billion and approximately 63,000 employees in 47 states. At June 30, 2014, Kindred through its subsidiaries provided healthcare services in 2,353 locations, including 97 transitional care hospitals, five inpatient rehabilitation hospitals, 98 nursing centers, 21 sub-acute units, 153 Kindred at Home hospice, home health and non-medical home care locations, 104 inpatient rehabilitation units (hospital-based) and a contract rehabilitation services business, RehabCare, which served 1,875 non-affiliated facilities.
Ranked as one of Fortune magazine’s Most Admired Healthcare Companies for six years in a row, Kindred’s mission is to promote healing, provide hope, preserve dignity and produce value for each patient, resident, family member, customer, employee and shareholder we serve. For more information, go to www.kindredhealthcare.com.
About Gentiva Health Services, Inc.
Gentiva Health Services, Inc. is one of the nation’s largest providers of home health, hospice and community care 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; and other therapies and services.