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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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