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Home Health & Hospice Week

Gentiva Has Mixed Earnings In Wake Of Investigations

Published on Tue Oct 12, 2010

Gentiva Health Services Inc.'s revenues rose while profits dropped in the latest quarter. The Atlanta-based national chain reported net income of $8.2 million on revenues of $387.8 million for the quarter ended Sept. 27. That compares to a $15.4 million profit on $281.2 million in revenues for the same period in 2009. Gentiva closed its blockbuster acquisition of hospice chain Odyssey Inc. in the quarter. "We are well on our way to creating the leading provider of home health and hospice services in America," Gentiva CEO Tony Strange says in a release. Gentiva is the last of the four publicly traded home care chains under investigation for therapy utilization to report its earnings this quarter. Probes by the U.S. Senate, Securities and Exchange Commission, and Department of Justice continue.
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