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Edge Healthcare Partners, LLC Advises Gentiva Health Services, Inc. in the Previously Announced Sale of its Respiratory Therapy, Home Medical Equipment and Infusion Therapy Businesses to Lincare Holdings Inc.


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© Business Wire 2010
2010-03-15 20:01:01 -

Edge Healthcare Partners, LLC is pleased to announce that Gentiva Health Services, Inc. has sold its respiratory therapy, home medical equipment and infusion therapy businesses (collectively, the “Division”) to Lincare Holdings Inc., a leading national provider of respiratory therapy and other services to patients in the home. The transaction closed on February 1, 2010. No transaction terms were disclosed. Edge Healthcare Partners served as the exclusive financial advisor to Gentiva Health Services.

“We are excited to be able to work with Gentiva and its management team in this important strategic transaction. The sale of this division aids Gentiva in its goal of focusing the company on its core home health and hospice businesses. Such a divestiture allows for resources to be

realigned with Gentiva’s growth initiatives,” said Todd Watkins, Partner of Edge Healthcare Partners.

The Division provides respiratory therapy, home medical equipment and infusion therapy services to patients in their home through approximately 40 locations in seven U.S. states. Respiratory therapy services are provided to patients who suffer from a variety of conditions including asthma, chronic obstructive pulmonary diseases, cystic fibrosis and other respiratory conditions. Home medical equipment includes the delivery of hospital beds, wheelchairs, ambulatory aids, bathroom aids, patient lifts and rehabilitation equipment. Infusion therapy services include enteral nutrition, antibiotic therapy, total parenteral nutrition, pain management, patient education and training and nutrition management. For the twelve months ended September 27, 2009, the Division generated approximately $55 million in revenue.

Gentiva Health Services, Inc. ( www.gentiva.com : ; NASDAQ: GTIV) is a leading provider of home health and hospice services, delivering innovative, high quality care to patients across the United States. Gentiva 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.

Edge Healthcare Partners, LLC is an independent Atlanta based investment banking firm focused on providing M&A services to leading private and public healthcare companies and private equity firms. Edge Healthcare Partners also assists companies with raising capital for growth, acquisitions, recapitalizations, going-private and management buy-out transactions. In addition to our transactional advisory services, we provide valuations, fairness opinions and other financial & strategic advisory services. The professionals of Edge Healthcare Partners have over 40 years of collective investment banking experience and have completed more than 100 transactions across the entire spectrum of healthcare including healthcare services, healthcare information technology, distribution and life sciences. Securities are offered through Edge Corporate Finance, Member FINRA, SIPC. For more information, visit our website, www.edgehealthcarepartners.com : .



Edge Healthcare Partners, LLCBryan Pope, 404-835-3106


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