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Gentiva completes $1B Odyssey HealthCare deal

Tue, 08/17/2010 - 8:45am
The Associated Press

Home health services company Gentiva Health Services Inc. said Tuesday its acquisition of hospice care provider Odyssey HealthCare Inc. has closed.

The all-cash deal valued Odyssey at $27 per share and cost about $1 billion including fees and expenses, Gentiva said. Gentiva agreed to buy Odyssey in May. Odyssey is based in Dallas and does business in 30 states.

Gentiva shares picked up 31 cents to $21.89 in midday trading.

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