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Home Health & Hospice Week

Finance:

Know Your Facts: Intrepid and MedShares

Published on Thu Feb 12, 2004

Check out these facts about one of the nation's largest, and privately held, home health agency chains - Intrepid USA. Intrepid:

  • was founded in 1994.

  • operates 196 offices in 31 states, serving 125,000 patients annually with 13,000 employees.

  • claims it is the "third or fourth largest home care business" in the U.S.

  • operates with Intrepid USA serving a home office function for the 90 Intrepid corporations.

  • takes in between $400,000 and $2 million in payments per day and requires $900,000 per day to operate.

  • has made 14 acquisitions in the last two years, including MedShares Inc. in July 2003 and troubled HHAs recommended by DVI Inc.

    Source: Intrepid legal filings (04-40416, www.mnb.uscourts.gov/ers-bin/mnb-651-main.pl).

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