Profile: Gentiva Health Services Inc (GTIV.O)
24 Apr 2014
Gentiva Health Services, Inc. (Gentiva), incorporated on August 6, 1999, is engaged in providing home health services and hospice services. The Company provides a single source for 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. The Company operates in two segments: Home Health and its Hospice segment. As of December 31, 2011, the Company served patients through approximately 420 locations in 41 states. During the year ended December 31, 2011, the Company sold its equity investment in CareCentrix Holdings Inc. During 2011, the Company closed or divested 34 home health branches and 9 hospice branches. On October 14, 2011, the Company completed the sale of its IDOA business to Premier Home Health Care Services, Inc. On April 29, 2011, the Company purchased the outstanding interest in Odyssey Healthcare of Augusta, LLC (Augusta). On September 10, 2011, the Company completed the sale of its Rehab Without Walls business to Southern Home Care Services, Inc. In July 2012, it acquired Advocate Hospice. In September 2012, it acquired the home health and hospice businesses of Family Home Care Corporation. In September 2012, it acquired North Mississippi Hospice, based in Oxford, Mississippi. In October 2013, the Company acquired Harden Healthcare Holdings, Inc.
The Home Health segment is consisted of direct home nursing and therapy services operations, including specialty programs and its consulting business. As of December 31, 2011, the Home Health segment conducted its business through more than 270 locations located in 39 states.
The Company conducts direct home nursing and therapy services operations through licensed and Medicare-certified agencies, from which the Company provides various combinations of nursing and therapy services and paraprofessional nursing services to adult and elder patients. Reimbursement sources primarily include government programs, such as Medicare and Medicaid, and private sources, such as health insurance plans, managed care organizations, long term care insurance plans and personal funds. Gentiva’s direct home nursing and therapy services operations are organized in one division, which is staffed with clinical, operational, human resource, finance and sales teams. The division is separated into five geographical regions, which are further separated into geographical operating areas. Each operating area includes branch locations, through which home healthcare agencies operate.
The Company’s direct home nursing and therapy services operations also deliver services to its customers through focused programs that include Gentiva Orthopedics, which provides individualized home orthopedic rehabilitation services to patients recovering from joint replacement or other orthopedic surgery; Gentiva Safe Strides, which provides therapies for patients with balance issues who are prone to injury or immobility as a result of falling; Gentiva Cardiopulmonary, which helps patients and their physicians manage heart and lung health in a home-based environment; Gentiva Neurorehabilitation, which helps patients who have experienced a neurological injury or condition by removing the obstacles to healing in the patient’s home and Gentiva Senior Health, which addresses the needs of patients with age-related diseases and issues to effectively and safely stay in their homes. In addition, the Company provides consulting services to home health agencies, which include operational support, billing and collection activities, and on-site agency support and consulting.
The Company’s Hospice segment serves terminally ill patients and their families through more than 150 locations operating in 29 states. Hospice operations are also organized in a single division, which is staffed with clinical, operational, human resource, finance and sales teams. The division is separated into five geographic regions, which in turn are further separated into geographic operating areas, each of which includes branch locations. Depending on a patient’s needs, each hospice patient is assigned an interdisciplinary team consisting of a physician, nurse(s), home health aide(s), medical social worker(s), chaplain, dietary counselor and bereavement coordinator, as well as other care professionals. Hospice services are provided primarily in the patient’s home or other residence, such as an assisted living residence or nursing home, or in a hospital.
The Medicare hospice benefit is designed for patients expected to live six months or less. Hospice services for a patient can continue, however, for more than six months, so long as the patient remains eligible as reflected by a physician’s certification. The Hospice segment also delivers services to its customers through focused programs that include Dementia specialty program, which provides an individualized disease management program addressing the physical needs specific to alzheimer’s and dementia patients and support mechanisms for their caregivers; Cancer specialty program, which provides pain and symptom management for patients coping with the effects of cancer; Cardiac specialty program, which helps patients and their physicians manage symptoms associated with heart disease and Pulmonary specialty program, which addresses the needs of patients who have experienced a respiratory crisis.
Gentiva Health Services Inc
Suite 1400, 3350 Riverwood Parkw
ATLANTA GA 30339