Reading Prompt 1 - Essay Example

company provides “skilled nursing; physical, occupational, speech and neuro-rehabilitation services; hospice services; social work; nutrition; disease management education, help with daily living activities; and other therapies and services” (United States Securities and Exchange Commission, n.d.). Gentiva serves individuals either in their home or in a hospice facility. While offering this service throughout parts of the United States, provisions of social, emotional and spiritual treatment are made to maintain the individual’s health and dignity.

While providing home fitness and hospital services to the people, the company no longer provides some services to many of their patients, for the business objectives of Gentiva are changing towards home care services, which have a higher potential of growth. In 2011 several sales and purchases were made, one of them being Rehab Without Walls, a homemaker services agency based in Illinois. The Company also purchased Odyssey Health Care, giving it 100% ownership to outstanding member units based in Augusta (United States Securities and Exchange Commission, n.d.).

Odyssey Health Care, Inc. was established in 1995, and, after being purchased by Gentiva, grew very quickly. While this establishment is based in Dallas, Texas, it is considered one of the largest sources of hospice providers in the United States. According to its 2010 financial statement, Odyssey had a net income of $686,438 million dollars while Gentiva’s net revenues constituted $1,152,460 million dollars. The profit generated by the hospital was 396,774 million dollars, which is almost a half of what was generated by Gentiva, that is, $598,930 million dollars.

During the merger with Odyssey, Gentiva paid $27 for each share that had been issued. In Arizona, California, Ohio and Texas, Odyssey has the greatest number of facilities and makes available every opportunity to it patients in their care. They satisfy all their needs including