National home health provider Gentiva Health Services, Inc. (NASDAQ: GTIV), announced today its acquisition of Washington-based home health and hospice agency, Family Home Care Corporation (FHC).
FHC was founded in 1966 and is based in Spokane, Wash. The company serves the Washington and Idaho home care markets and employs more than 400 in-home aides, nurses and physical therapists.
Gentiva is largest home health and hospice provider in the U.S. based on revenue, and sees the acquisition as an opportunity to grow their patient-base in Washington and Idaho.
“The combination of Family Home Care and Gentiva enables us to increase our market density in eastern Washington and northern Idaho and provides us significant long-term growth opportunities as we leverage our home health and hospice capabilities in these markets,” said Gentiva CEO Tony Strange.
Gentiva will use its cash reserves to fund the transaction.
Written by Erin Hegarty