ATLANTA, June 24 /PRNewswire-FirstCall/ -- Gentiva Health Services, Inc. (Nasdaq: GTIV), a leading provider of comprehensive home health services, announced today that it has acquired Mid-State Home Health, one of central Louisiana's top-three home healthcare providers.
Established in 1991, Mid-State covers a 50-mile radius from its base in Alexandria that extends across 11 parishes in central Louisiana. Gentiva does not currently operate in this coverage area, but does provide services in an adjacent area.
'Combining forces with Mid-State will allow us to accept more referrals and expand our coverage in Louisiana,' said Gentiva CEO and President Tony Strange. 'We look forward to working with Mid-State's dedicated associates and building on their strong history and reputation to offer a growing range of skilled nursing and therapies to patients in their homes.'
The transaction is being funded from Gentiva's existing cash reserves. The acquisition is not expected to have a material impact on Gentiva's financial position or results of operations in 2009.
About Gentiva Health Services, Inc.
Gentiva Health Services, Inc. is a leading provider of comprehensive home health 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; respiratory therapy and home medical equipment; infusion therapy services; and other therapies and services. For more information, visit Gentiva's web site, http://www.gentiva.com, and its investor relations section at http://investors.gentiva.com. GTIV-G
Forward-Looking Statement
Certain statements contained in this news release, including, without limitation, statements containing the words 'believes,' 'anticipates,' 'intends,' 'expects,' 'assumes,' 'trends' and similar expressions, constitute 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based upon the Company's current plans, expectations and projections about future events.
