ATLANTA, July 26, 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 Advocate Hospice, located in Danville, Indiana.
Founded in 2006, Advocate has successfully positioned itself within the community as one of the leading providers of end of life care.
"The addition of Advocate Hospice to the Gentiva family enables us to expand our coverage in central and southern Indiana and to leverage our existing hospice and home health capabilities in the state," said Gentiva CEO Tony Strange. "Going forward, we will continue to pursue acquisitions that make strategic sense and fill in geographic gaps in both of our divisions, while balancing these efforts with our continued focus on debt repayment."
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.
About Gentiva Health Services, Inc.
Gentiva Health Services, Inc. is the nation's largest provider of home health and hospice services based on revenue, 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. GTIV-G
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SOURCE Gentiva Health Services, Inc.