ATLANTA—Gentiva, a dedicated hospice, palliative and personal care company, announced it has received all required state and federal regulatory approvals and completed its previously announced acquisition of ProMedica's home health, palliative and hospice business.
"This is a significant milestone because we believe this transaction will benefit the patients and families in our care and are enthusiastic about welcoming the talented caregivers at ProMedica into the Gentiva family," said David Causby, president and chief executive officer of Gentiva. "As a combined company, we plan to increase the number of caregivers and provide greater access to our care offering to more patients in the communities we serve."
Leaders from Gentiva and ProMedica are working together to ensure a smooth transition and integration of the two businesses. With the completion of the transaction, Gentiva has welcomed into its family more than 4,000 ProMedica associates. Together, the combined team will focus on expanding access to hospice, palliative care and home care services by applying Gentiva's industry-leading caregiver recruitment and retention programs and patient care offerings.
David Causby will continue to serve as Gentiva's president and chief executive officer, and the combined company will remain headquartered in Atlanta. Most of ProMedica's hospice locations will rebrand to the Heartland Hospice brand by the end of 2023. Home Health locations will rebrand to Heartland Home Health in early 2024. ProMedica's palliative care business will operate under Gentiva's Empatia Palliative Care brand.
Goldman Sachs Bank USA provided financing to Gentiva. Deutsche Bank Securities Inc., UBS Investment Bank, BNP Paribas Securities Corp., Citizens Bank, N.A., Truist Securities and Wells Fargo served as financial advisors and provided financing. Debevoise & Plimpton LLP and Ropes & Gray LLP served as legal counsel to Gentiva. Houlihan Lokey served as financial advisor and BakerHostetler served as legal counsel to ProMedica.
