Home Health & Hospice Week
Industry Note:
Restructured Debt Agreement Boosts National Chain
Published on Fri Mar 09, 2012
Gentiva Health Services Inc. has "obtained an amendment to its senior secured credit agreement to increase financial covenant flexibility through the remaining term of the facility," the Atlanta-based national chain reports. The debt restructuring was necessitated following a massive $474 million loss in the third quarter of 2011 and reduced earnings last quarter. Gentiva completed the first part of the debt restructuring strategy last fall. The "amendment represents the conclusion of a two-part strategy," the company says in a release. Standard & Poor's Ratings Services has removed Gentiva from its negative watch, reports the Wall Street Journal. "Its outlook is now stable," the newspaper says.
Other Articles in this issue of
Home Health & Hospice Week
- Fraud & Abuse:
HHAs Fight Reputational Damage In Wake Of Fraud Bust
Stay tuned to find out the identities of the 78 suspended HHAs. The entire home [...] - Referrals:
Take Your Anti-Fraud Message To Clients, Referral Sources
Sidestep reputational damage by hopping on the anti-fraud bandwagon. Smart home care providers will realize [...] - Compliance:
National News Sting Adds Fuel To The Fire
HHA denies wrongdoing in alleged fraud uncovered by grandma. You'd better make sure you're following [...] - Enforcement:
HHA Fraud Case Is In The Details
Recruiting patients at a homeless shelter tops list of indicted agencies' alleged misdeeds. Wondering what [...] - Human Resources:
Combat Your Coworkers' Chronic Negativity
Negative people can be downers, but you can help them channel their energy more positively. [...] - Industry Note:
Look For HHA Intermediate Sanction Rule By Fall
OIG takes CMS to task for neglecting congressionally mandated enforcement tools. If it took you [...] - Industry Note:
CERT Program Racks Up OASIS Denials
You may want to review three vital OASIS items, or risk your Medicare payment in [...] - Industry Note:
Double-Check Your Revalidation Status
If you think you don't have to worry about revalidating your Medicare enrollment because you [...] - Industry Note:
Medicare Enrollment Via PECOS Gets A Little Easier
Ever since CMS began asking providers to complete Medicare enrollments using the online PECOS system, [...] - Industry Note:
Smart Scheduling Eases Workers' Gas Price Woes
Gas prices have been on a steep rise since mid-December, and it's taking its toll [...] - Industry Note:
HHH MAC Offers Answers To HHABN Questions
You should have until at least October before you have to worry about switching Home [...] - Industry Note:
Texas Health Marketer Pleads Guilty To Kickbacks
Once again, the feds aren't just targeting home care providers when busting Medicare fraud. A [...] - Industry Note:
Enroll In Inspector General's 'Compliance 101' Resource
With enforcement action getting more aggressive, now is a good time to review your compliance [...] - Industry Note:
Monitor Your Employees Or Risk Theft
Keep a close eye on your employees with purchasing power, or you may end up [...] - Industry Note:
Restructured Debt Agreement Boosts National Chain
Gentiva Health Services Inc. has "obtained an amendment to its senior secured credit agreement to [...]
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