ProMedica is selling its hospice and home care agencies to an Atlanta-based corporation, according to Gentiva. Gentiva, a hospice and personal care company, said Monday it has signed an agreement to acquire Heartland hospice and home care agencies from ProMedica. Bloomberg reports the deal is valued at $710 million. Our media partner the Blade reports the business includes 120 ProMedica locations that care for about 9,000 patients. “For ProMedica, this transaction is an important step toward simplifying our organizational structure and ensuring our long-term financial strength,” ProMedica CEO Arturo Polizzi told the Blade. “We are pleased to be able to transition these agencies to a trusted industry leader, enabling ProMedica to commit more time, energy, and resources to our core operations.”
