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Article: Gentiva Acquires Rush Home - Analyst Blog
- Article from:
- Zacks Investment Research - Analyst Blog
- Article date:
- September 3, 2009
- Author:
CopyrightCopyright 2009 Zacks Investment Research. (Hide copyright information)
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Gentiva Acquires Rush Home - Analyst Blog
Yesterday,
Gentiva Health Services Inc.
(
GTIV
) announced the completion of its acquisition of Rush Home Care Inc., which operates as Magna Home Health. While the financial terms of the transaction were undisclosed, the company announced that it funded the deal with its existing cash reserves.
The agreement to purchase Magna Home Health, a part of the Rush Health System, was signed by Gentiva in July this year. The addition of Magna's locations in Meridian, Mississippi and Gilbertown, Alabama should enable Gentiva to expand its coverage in seven new certificate of need (CON) counties to participate in the delivery of home health ...