Gentiva Health Services selling $305M in debt
Home health services company Gentiva Health Services Inc. said Wednesday it plans to sell $305 million in debt in a private offering.
The company will sell senior notes due in 2018 and put the proceeds toward its purchase of Odyssey HealthCare.
Gentiva is buying Odyssey for $912 million, or $27 per share, in a deal expected to close during the third quarter.
Shares of Gentiva rose 66 cents, or 3.1 percent, to $22.25 in morning trading.