Home health provider Gentiva Health Services said it sold its respiratory therapy/home medical equipment and infusion therapy businesses to a subsidiary of Lincare Holdings, Clearwater, Fla., which provides respiratory therapy services in the home. Financial terms of the all-cash transaction were not disclosed. The deal includes about 40 locations in seven states that provide respiratory/home medical equipment and/or infusion therapy, according to Atlanta-based Gentiva, which said these businesses generated about $55 million in revenue for the 12 months ended on Sept. 27, 2009.
Late News: Lincare subsidiary buys Gentiva therapy businesses
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