Gentiva® Health Services Names Rod Windley Executive Chairman
ATLANTA, Feb. 5, 2013
ATLANTA, Feb. 5, 2013 /PRNewswire/ --Gentiva Health Services, Inc. (NASDAQ:
GTIV) announced today that the Board of Directors named Rod Windley as the
executive Chairman of the Board. Mr. Windley currently serves as Vice
Chairman of the Board, a position he has held since 2006, and has 35 years of
healthcare services experience. Tony Strange will continue to serve as
Gentiva's Chief Executive Officer and President.
Tony Strange commented, "Rod and I have worked together for 25 years now and
have success in building value especially during difficult reimbursement
environments. Having more of Rod's time focused on Gentiva will be a great
benefit to me personally, the Company and our shareholders."
"I am thrilled to be back working with Tony on a daily basis and continuing to
build Gentiva going forward," said Rod Windley. "Tony and I have a lot of
experience working together and creating value during challenging times."
About Gentiva Health Services, Inc.
Gentiva Health Services, Inc. is the nation's largest provider of home health
and hospice services based on revenue, delivering innovative, high quality
care to patients across the United States. Gentiva is a single source for
skilled nursing; physical, occupational, speech and neurorehabilitation
services; hospice services; social work; nutrition; disease management
education; help with daily living activities; and other therapies and
Certain statements contained in this news release, including, without
limitation, statements containing the words "believes," "anticipates,"
"intends," "expects," "assumes," "trends" and similar expressions, constitute
"forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements are based upon the
Company's current plans, expectations and projections about future events.
However, such statements involve known and unknown risks, uncertainties and
other factors that may cause the actual results, performance or achievements
of the Company to be materially different from any future results, performance
or achievements expressed or implied by such forward-looking statements. These
factors include, among others, the following: economic and business
conditions; demographic changes; changes in, or failure to comply with,
existing governmental regulations; the impact on our Company of healthcare
reform legislation and its implementation through governmental regulations;
legislative proposals for healthcare reform; changes in Medicare, Medicaid and
commercial payer reimbursement levels; the outcome of any inquiries into the
Company's operations and business practices by governmental authorities;
effects of competition in the markets in which the Company operates; liability
and other claims asserted against the Company; ability to attract and retain
qualified personnel; ability to access capital markets; availability and terms
of capital; loss of significant contracts or reduction in revenues associated
with major payer sources; ability of customers to pay for services; business
disruption due to natural disasters, pandemic outbreaks, or terrorist acts;
ability to successfully integrate the operations of acquisitions the Company
may make and achieve expected synergies and operational efficiencies within
expected time-frames; ability to maintain compliance with its financial
covenants under the Company's credit agreement; effect on liquidity of the
Company's debt service requirements; and changes in estimates and judgments
associated with critical accounting policies and estimates. For a detailed
discussion of certain of these and other factors that could cause actual
results to differ from those contained in this news release, please refer to
the Company's various filings with the Securities and Exchange Commission,
including the "Risk Factors" section contained in the Company's annual report
on Form 10-K for the year ended December 31, 2011.
Financial and Investor Contact:
or John Mongelli
SOURCE Gentiva Health Services, Inc.
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