In order to strengthen its home health division, leading home
health and hospice service provider,
Gentiva Health Services Inc.
) formed a joint venture with Wake Forest Baptist Medical Center.
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The Wake Forest Baptist Medical Center is the Winston-Salem based
fully integrated medical center that conducts medical education
and research, a clinical enterprise and promotes the
commercialization of research discoveries.
The joint venture named Wake Forest Baptist Health Care at Home
("Care at Home") will offer post-acute solutions to those seniors
who suffer from complex health issues. These patients usually
face problems in adapting with living at home after discharge
from hospital. Care at Home intends to focus on this facet and
assist these patients to overcome the problem. To realize this
goal, the alliance targets to integrate the work of physicians
and home health professionals.
We can say that Care at Home aims to deliver increased healthcare
to patients so that they do not return too soon to the hospital
setting after being discharged once. Its physician team comprises
of nationally acclaimed geriatricians, neurologists, internists
and health care providers such as nurse practitioners,
pharmacists and therapists.
The healthcare industry provides ample growth opportunities at
present owing to the increasing healthcare needs of the aging
population and the existing rate pressures. Wake Forest Baptist
Medical Center, being an academic medical center of great repute
is expected to help Gentiva to capitalize on the opportunities
and position itself as a leader in this regard.
Gentiva has primarily focused on initiatives to innovate and
improve the quality of care so as to widen its arena of services,
owing to which it actively engages in partnerships or acquisition
of complementary companies. Last week, Gentiva entered into a
merger agreement with a complementary company, Harden Healthcare
Holdings Inc. pursuant to which it will acquire the latter for
approximately $409 million. The acquisition is expected to
enhance the Medicare exposure of Gentiva, boost its post-acute
care services and shore up the long-term growth of the company.
Gentiva currently carries a Zacks Rank #3 (Hold). Among other
health service providers,
Addus HomeCare Corporation
) carries a favorable Zacks Rank #1 (Strong Buy) while
) carry a Zacks Rank #2 (Buy).