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New Deal


Announced

Completed

Gentiva completed the acquisition of Heartland hospice and home care agencies from ProMedica.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Acquisition

Domestic

Health Care Facilities

Private

United States

Majority

healthcare system

Single Bidder

Completed

Synopsis

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Gentiva, a provider of home health care, completed the acquisition of Heartland hospice and home care agencies from ProMedica, an integrated healthcare organization. Financial terms were not disclosed. "This transaction is an exciting development for patients and their families that will enable us to extend our best-in-class caregiver recruitment and retention programs and provide high-quality care to more patients in more areas throughout the country. Gentiva consistently achieves industry-leading quality of care and patient family satisfaction scores by investing in our people and caregiving capabilities. Heartland is a high-quality hospice and home care provider that shares our values on compliance and putting patients first, and my colleagues and I look forward to growing our number of caregivers so we can expand access to the highest-quality care for more seniors," David Causby, Gentiva President and CEO.

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