Home Health & Hospice Week

Gentiva's $1B Acquisition Of Odyssey Closes

Gentiva Health Services Inc. has closed its blockbuster acquisition of hospice chain Odyssey Healthcare Inc. As planned, Atlanta-based Gentiva paid $1 billion for Dallas-based Odyssey. "The combination of Gentiva and Odyssey creates the largest U.S. healthcare provider of home health and hospice services based on revenue," Gentiva says in a release. The newly combined company has revenues of about $1.9 billion -- 59 percent from home health, 49 percent from hospice. The merged hospice operations have an average daily census of 14,000 in 30 states. The combined company provides service to 330,000 patients annually.
You’ve reached your limit of free articles. Already a subscriber? Log in.
Not a subscriber? Subscribe today to continue reading this article. Plus, you’ll get:
  • Simple explanations of current healthcare regulations and payer programs
  • Real-world reporting scenarios solved by our expert coders
  • Industry news, such as MAC and RAC activities, the OIG Work Plan, and CERT reports
  • Instant access to every article ever published in Revenue Cycle Insider
  • 6 annual AAPC-approved CEUs
  • The latest updates for CPT®, ICD-10-CM, HCPCS Level II, NCCI edits, modifiers, compliance, technology, practice management, and more

Other Articles in this issue of

Home Health & Hospice Week

View All