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Odyssey HealthCare sees net income above forecast

Mon, 07/19/2010 - 12:45pm
The Associated Press

Hospice care provider Odyssey HealthCare Inc. said Monday it expects second-quarter net income per share between 39 cents and 41 cents, or above Wall Street expectations.

Analysts polled by Thomson Reuters expect net income per share of about 38 cents, on average.

Gentiva Health Services Inc., based in Atlanta, is currently in the process of buying Odyssey for $912 million. The deal is expected to close during the third quarter.

Odyssey expects to report results July 28.

Shares of Odyssey fell 12 cents to close at $26.44. In after-hours trading, the stock picked up 3 cents to $26.47.

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