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news.Gentiva Health Services, a provider of home health and hospice services to patients across the US, has agreed to sell its remaining equity stake in CareCentrix.
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The company is a single source for skilled nursing; physical, occupational, speech and neurorehabilitation services; hospice services; social work; nutrition; disease management education; help with daily living activities and other therapies and services.
The company expects to realize net cash flow of $65 to $70m as a result of the transaction.
The transaction is expected to close within the next few weeks.
In August 2010, Gentiva acquired Odyssey HealthCare, a provider of hospice care in the US.