Gentiva Health Services

Last updated
Gentiva Health Services
Company type Public
Industry Health care
Headquarters
Atlanta, Georgia
,
United States
Number of locations
420+ health care locations
Area served
United States
ServicesHealth care
Hospice
Divisions
Hospice
Website www.gentivahs.com

Gentiva Health Services is a provider of home health care, hospice, and related health services in the United States. The company is headquartered in Atlanta, Georgia. Prior to its October 2014 acquisition by Kindred Healthcare, it was a Fortune 1000 company with over $1.7 billion in annual revenue and a member of the S&P 600 index.

Contents

The company offers a range of services, including nursing, physical, occupational, and speech-language therapy, cardiac and pulmonary care, disease, pain management, and other health and medical services.

As of 2024, Gentiva provides health services from more than 590 U.S. locations in 38 states. [1]

History

Gentiva Health Services was founded on August 6, 1999, when Olsten Corporation split off its healthcare assets to form an independent, public company. Olsten Corporation was founded in 1946 by William Olsten. The company grew through the 1950s, 1960s, and 1970s. In 1971, it began focusing on its health care division under the name Olsten Healthcare. In the 1990s, its health care division began acquiring other companies. The division acquired Upjohn's health services division. Following its acquisition of Lifetime Corporation, which included Office Angels, Gentiva became the largest provider of home healthcare services in the nation, operating as Olsten Kimberly QualityCare. [2] In 1995, Olsten Kimberly QualityCare launched CareCentrix. A year later, after acquiring Quantum Health Resources, Gentiva began offering home-based pharmaceutical infusion services. [3] [4] That same year, it acquired NeuroCare Rehab Without Walls, and became the sole national provider of neurorehabilitation for Cigna. It also acquired Nurses House Call. In 1997, it changed its name to Olsten Health Services.

In 1999, Olsten Corporation split its healthcare division into an independent, publicly traded on the Nasdaq exchange, named Gentiva Health Services. In its first three years of independent operation, Gentiva launched its Gentiva Orthopedics, Gentiva Cardiopulmonary, and Safe Strides programs, and it sold its pharmaceutical services division to Accredo for $415 million in cash and stock [5] [6] and its health care staffing unit to InteliStaf Holdings Inc. and The Carlyle Group. [7] In 2008, it launched its neurorehabilitation and senior health programs.

In 2009, Gentiva moved its headquarters from Melville, New York, to Atlanta. By 2010, the company acquired First HomeCare of Houston, Heritage Home Care Services, The Healthfield Group, Gilbert's Home Health and Hospice, Physicians Home Health Care, and Hospice of Charleston. In that same year, it acquired Mid-State Home Health, [8] Magna Home Health, and Medicare-Certified offices of Coordinated Home HealthCare. In 2011, the company sold its majority stake in CareCentrix to Water Street Healthcare Partners. [9] In 2011, the company closed or divested 34 home health branches and nine hospice branches and sold its IDOA business to Premier Home Health Care Services, which was acquired Odyssey Healthcare [10] and sold its Rehab Without Walls business to Southern Home Care Services.

The company's $1 billion purchase of Odyssey Healthcare was the largest hospice acquisition in U.S. history. [11] In 2012, it acquired Advocate Hospice, Family Home Care Corporation and North Mississippi Hospice. In October 2013, the company acquired Harden Healthcare Holdings and Hope Hospice. [2]

On October 9, 2014, Kindred Healthcare and Gentiva announced that the companies had entered into a definitive merger agreement under which Kindred would acquire all of the outstanding shares of Gentiva common stock. The agreement was unanimously approved by the boards of directors of both companies. The transaction was valued at $1.8 billion, including the assumption of net debt. [12] The deal was officially signed into agreement effective January 31, 2015, with Gentiva becoming a wholly owned subsidiary of Kindred Healthcare, operating as Kindred at Home. David Causby was appointed President and Chief Operating Officer of the Kindred at Home businesses, which included home health, hospice, palliative, and community care offerings. [13]

In December 2017, Kindred Healthcare was acquired by Humana, along with private equity firms TPG Capital and Welsh, Carson Anderson & Stowe, for approximately $4 billion. [14]

In August 2022, Humana completed its divestiture of Kindred at Home's hospice and personal care divisions, which were acquired by Clayton Dubilier & Rice (CD&R) and restructured into Gentiva. [15]

In November 2023, Gentiva completed the acquisition of ProMedica's home health, palliative, and hospice business after receiving all necessary regulatory approvals. [16] The deal included the transition of over 4,000 ProMedica employees to Gentiva and plans were made for transition between the companies. ProMedica's hospice and home health locations will be rebranded to Heartland Hospice and Heartland Home Health respectively by early 2024, while its palliative care services will adopt the Empatia Palliative Care brand under Gentiva. [17]

Divisions

Hospice

The hospice division operates in more than 590 locations in 38 states. [18] The division is separated into five geographic regions, which in turn are further separated into geographic operating areas, each of which includes branch locations.

Gentiva Hospice includes services for managing pain and symptoms, emotional and spiritual challenges and everything included in the bereavement process. [19]

Palliative

Gentiva's palliative care division has between 400 and 500 patients and enrolled 30 to 50 new patients weekly, as of 2023. [20]

Home health

The home health division consists of direct home nursing and therapy services operations. As of 2024 the home health segment operated in 7 states. [1]

Related Research Articles

<span class="mw-page-title-main">Cigna</span> American health services organization

The Cigna Group is an American multinational managed healthcare and insurance company based in Bloomfield, Connecticut. Its insurance subsidiaries are major providers of medical, dental, disability, life and accident insurance and related products and services, the majority of which are offered through employers and other groups. Cigna is incorporated in Delaware.

Graham Holdings Company is a diversified American conglomerate holding company. Headquartered in Arlington County, Virginia, and incorporated in Delaware, it was formerly the owner of The Washington Post newspaper and Newsweek magazine.

Humana Inc. is a for-profit American health insurance company based in Louisville, Kentucky. In 2023, the company ranked 42 on the Fortune 500 list, which made it the highest ranked company based in Kentucky. It is the fourth largest health insurance provider in the U.S.

<span class="mw-page-title-main">HCA Healthcare</span> American healthcare facilities company

HCA Healthcare, Inc. is an American for-profit operator of health care facilities that was founded in 1968. It is based in Nashville, Tennessee, and, as of May 2020, owned and operated 186 hospitals and approximately 2,400 sites of care, including surgery centers, freestanding emergency rooms, urgent care centers and physician clinics in 20 states and the United Kingdom. As of 2024, HCA Healthcare is ranked #61 on the Fortune 500 rankings of the largest United States corporations by total revenue.

<span class="mw-page-title-main">Kindred Healthcare</span> U.S. healthcare company

Kindred Healthcare was a post-acute healthcare services company that operated long-term acute-care hospitals and provides rehabilitation services across the United States.

Encompass Health Corporation, based in Birmingham, Alabama, is one of the United States' largest providers of post-acute healthcare services, offering both facility-based and home-based post-acute services in 36 states and Puerto Rico through its network of inpatient rehabilitation hospitals, home health agencies, and hospice agencies. Effective January 2, 2018, the organization changed its name to Encompass Health Corporation and its New York Stock Exchange (NYSE) ticker symbol from HLS to EHC.

UnitedHealth Group Incorporated is an American multinational health insurance and services company based in Minnetonka, Minnesota. Selling insurance products under UnitedHealthcare, and health care services under the Optum brand, it is the world's eleventh-largest company by revenue and the largest health care company by revenue.

PharMerica is a Fortune 1000 company formed in January 2007 from the merger of Kindred Healthcare's pharmacy business with a subsidiary of AmerisourceBergen.

Genesis HealthCare is a provider of short-term post-acute, rehabilitation, skilled nursing and long-term care services. According to data provided by the Centers for Medicare & Medicaid, as of November 1, 2023, Genesis owned or operated 290 skilled nursing facilities with 34,047 bed through 105 affiliates in 25 states in the United States. Genesis also supplies rehabilitation therapy to approximately 1,700 healthcare providers in 45 states and the District of Columbia. Genesis has approximately 80,000 employees. Genesis HealthCare is headquartered in Kennett Square, Pennsylvania.

<span class="mw-page-title-main">Welsh, Carson, Anderson & Stowe</span> American private equity firm

Welsh, Carson, Anderson & Stowe (WCAS), also referred to as Welsh Carson, is a private equity firm. WCAS was formed in 1979 and focuses on investing the industries of technology and healthcare, primarily in the United States. WCAS has a current portfolio of approximately 30 companies and has organized 17 limited partnerships with total capital of over $27 billion, consisting of 13 equity partnerships and four subordinated debt partnerships. WCAS is currently investing equity funds, including WCAS XII, L.P. and WCAS XIII, L.P.

<span class="mw-page-title-main">ProMedica Senior Care</span> Healthcare organization in Perrysburg, United States

ProMedica Senior Care, formerly HCR ManorCare Inc, is a major provider in the United States of both short-term post-acute and long-term care. As of 2020, it had more than 300 skilled nursing and rehabilitation centers, assisted living facilities hospice and home health care offices, and over 45,000 employees. The company is headquartered in Toledo, Ohio. In July 2007, it agreed to a $4.9 billion buyout offer from the private equity firm Carlyle Group. In 2018, HCR ManorCare filed for bankruptcy protection and agreed to be taken over by its landlord, Quality Care Properties and in April 2018, Quality Care Properties was acquired by a joint venture between Welltower and ProMedica. In November 2022, ProMedica announced it would end its joint venture with Welltower and would cede its 15% ownership of ProMedica Senior Care. Welltower announced a partnership with Integra Health shortly after which will take over control of all but 10 skilled nursing facilities from ProMedica. ProMedica will continue to operate the assisted living facilities gained under the original agreement.

<span class="mw-page-title-main">PSS World Medical</span> Distributor of medical products

PSS World Medical, Inc. was an American distributor of medical products, equipment, billing services and pharmaceutical related products to non-hospital healthcare providers. In 2008, the company celebrated its 25th year in business and was named to Forbes 400 Best Big Companies list for the second time. In 2013, the company was purchased by the McKesson Corporation and dissolved. The organization also ranked number 965 on the 2008 Fortune 1000 list of largest businesses, up from 980 the prior year.

<span class="mw-page-title-main">Concentra</span> US health care establishment

Concentra Inc., is a national health care establishment centered around occupational health. It was founded in 1979 in Amarillo, Texas, and the headquarters of the corporation is in Addison, Texas. It runs 547 occupational health centres and 151 onsite health clinics at employer worksites across over 40 states. According to the Bureau of Labor Statistics, Concentra treats one out of every seven occupational injuries in the United States. It is currently a publicly traded company with over 80% of the shares owned by Select Medical.

Odyssey Healthcare, Inc. is a for-profit provider of hospice services that was co-founded in 1995 by Richard R. Burnham, David Steffy, and David Gasmire. The company was a health care startup that opened its first hospice location in 1996. The company that was formerly based in Dallas, TX and now in Atlanta, Georgia, is one of the largest providers of hospice health care and related services in the United States.

LifePoint Health is an American company that provides healthcare services in growing regions, rural communities and small towns. It was established in 1999 and is headquartered in Brentwood, Tennessee. As of November 16, 2018, it operated 89 hospital campuses in 30 states with more than $6 billion in revenues. In 2011, the company was included in the Hospital Engagement Network by the U.S. Department of Health and Human Services, the only private organization in the country to be included.

National HealthCare Corporation is an American healthcare services provider. The company was founded in 1971 and is based in Murfreesboro, Tennessee. The services of the company include long-term diverse nursing and rehabilitative care to healthcare centers, facilities and hospitals in 11 states primarily in the southeastern United States. As of December, 2011, the number of the health care centers that are operated by the company reached 75 with a total of 9,456 licensed beds. As of December 2013, the company owns and operates 69 nursing facilities, 15 assisted living centers, 5 living centers with 38 homecare programs.

Welltower Inc. is a real estate investment trust that invests in healthcare infrastructure. It is ranked 583rd on the Fortune 500. As of December 31, 2022, the company had investments in approximately 3,000 properties, all of which were in the United States, Canada, and the United Kingdom.

Veritas Capital Fund Management, L.L.C. is a New York–based private-equity firm founded in 1992 that invests in companies providing critical products and services, primarily technology-enabled products and services, to government and commercial customers worldwide. The firm's first fund closed in 1998. They closed an eighth flagship fund in 2022; in all, Veritas has approximately $45 billion of assets under management. Veritas is led by Ramzi Musallam, the firm's Chief Executive Officer and Managing Partner.

<span class="mw-page-title-main">Benjamin Breier</span> American businessman

Benjamin Breier was chief executive office and a member of the board of directors of Kindred Healthcare from March 2015 through December 2021. He serves on the board for the Federation of American Hospitals.

Optum, Inc. is an American healthcare company that provides technology services, pharmacy care services and various direct healthcare services.

References

  1. 1 2 Landi, Healther (June 10, 2024). "Addus HomeCare expands personal care services to 2 new states with $350M deal". Fierce Healthcare. Retrieved October 23, 2024.
  2. 1 2 "The History of Gentiva". Gentiva-History.
  3. ↑ "Gentiva Health Services Inc (GTIV.O)". Reuters. Archived from the original on 2010-06-11.
  4. ↑ "Gentiva Health Services, Inc. - Company Profile, Information, Business Description, History, Background Information on Gentiva Health Services, Inc". Reference for Business.
  5. ↑ "Gentiva Makes $415M Deal". Newsday.
  6. ↑ "Gentiva Health Services, Form 8-K, Current Report, Filing Date Jan 7, 2002". secdatabase.com. Retrieved May 14, 2018.
  7. ↑ "Gentiva Health Services to Sell Staffing Unit". The New York Times.
  8. ↑ "Gentiva Health Services acquires Louisiana Home Health". Healthcare IT News. 2009-06-24. Retrieved 2024-10-31.
  9. ↑ "Gentiva to Separate CareCentrix Unit; Focus Exclusively on Home Care Operations". Gentiva. Archived from the original on 2014-02-22.
  10. ↑ "Gentiva to buy hospice care firm for $1 billion". The New York Times.
  11. ↑ Hallman, Ben (19 June 2014). "Hospice, Inc". Huffington Post. Retrieved 24 March 2015.
  12. ↑ "Kindred and Gentiva Reach Definitive Agreement". Gentiva. Archived from the original on 2014-10-12.
  13. ↑ "Kindred Names David Causby as President-elect of Kindred at Home". BusinessWire. November 5, 2014. Retrieved October 21, 2024.
  14. ↑ "Humana, private-equity firms buy Kindred Healthcare for $4 billion". CNBC. 2017-12-19. Retrieved 2024-10-23.
  15. ↑ Donlan, Andrew (2022-08-11). "'Gentiva' Formed As Humana Closes Personal Care Divestiture". Home Health Care News. Retrieved 2024-10-23.
  16. ↑ "ProMedica completes $710 million sale of home health and hospice division to Gentiva". McKnight's Senior Living. Retrieved 2024-10-31.
  17. ↑ WTVG Staff (2023-11-01). "Atlanta-based company announces acquisition of ProMedica's home health, palliative, and hospice business". www.13abc.com. Retrieved 2023-11-02.
  18. ↑ Vossel, Holly (2023-12-13). "VITAS, Gentiva, Home Health & Hospice Care Expand Inpatient Services; Banner Health Shutters Hospice Programs in Phoenix". Hospice News. Retrieved 2024-10-23.
  19. ↑ "Statesboro branch of Gentiva Hospice receives Circle of Excellence Award two years in a row". Grice Connect. 2024-05-17. Retrieved 2024-10-23.
  20. ↑ Filbin, Patrick (2023-10-04). "Gentiva Believes It Can Turn 'Loss Leader' Palliative Care Into 'Game Changer'". Home Health Care News. Retrieved 2024-10-23.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.