Gentiva buys private home health business to cut Medicare dependence
(Reuters) - Gentiva Health Services Inc (GTIV.O) will buy the home health, hospice and community care businesses of privately held Harden Healthcare Services for about $409 million to expand its patient base in the face of continued Medicare reimbursement cuts. Gentiva shares rose as much as 11 percent on the Nasdaq. The deal will help expand Gentiva's services to so-called dual-eligibles - people who qualify for both the elderly and disabled-focused Medicare insurance plan and for Medicaid, which covers the poor.
- CMS Sets 2014 Pay Rates for Hospital Outpatient and Physician Services
- FDA hopes hospitals will switch to newly regulated pharmacies
- The 5 Biggest Healthcare Finance Trouble Spots
- Not-for-Profit Hospitals Find Opportunity Amid Uncertainty
- The Most Polarizing Topics in Healthcare IT
- Why You Should Involve Patients in Nursing Handoffs
- How CPOE Will Make Healthcare Smarter
- Nonprofit Hospital Outlook 'Negative' in 2014
- States Rejecting Medicaid Expansion Forgo Billions in Federal Funds
- Are ACOs Really Different from HMOs?