Advanced Search

Home Health & Hospice Week

Industry Note:

Gentiva Expects 'Difficult Reimbursement' Time Ahead

Published on Wed Nov 02, 2011

News of debt restructuring has sent stock prices for Gentiva Health Services Inc. up. The Atlanta-based national chain obtained an amendment to its senior secured credit agreement to increase financial covenant flexibility in the fourth quarter of 2011, it says in a release. At press time, Gentiva stock was trading at $5.84. That's up from a low of $2.81 over the last year. Like the rest of the industry, Gentiva is hunkering down for some rough times. "This amendment represents the first part of a two-part strategy which is intended to provide flexibility through the next few years as the Company works with its lenders to reset its financial covenants to reflect a more difficult reimbursement environment," it says in the release.
You’ve reached your limit of free articles. Already a subscriber? Log in.
Not a subscriber? Subscribe today to continue reading this article. Plus, you’ll get:
  • Simple explanations of current healthcare regulations and payer programs
  • Real-world reporting scenarios solved by our expert coders
  • Industry news, such as MAC and RAC activities, the OIG Work Plan, and CERT reports
  • Instant access to every article ever published in your eNewsletter
  • 6 annual AAPC-approved CEUs*
  • The latest updates for CPT®, ICD-10-CM, HCPCS Level II, NCCI edits, modifiers, compliance, technology, practice management, and more
*CEUs available with select eNewsletters.

Other Articles in this issue of

Home Health & Hospice Week

View All