ATLANTA, GEORGIA (SEPTEMBER 12, 2011) – Edge Healthcare Partners, LLC is pleased to announce that Rehab Without Walls (“RWW”), a subsidiary of Gentiva Health Services, Inc., has been sold to ResCare, Inc., a leading national provider of home care to the elderly and persons with disabilities. The transaction closed on September 12, 2011. No transaction terms were disclosed. Edge Healthcare Partners served as the exclusive financial advisor to Gentiva Health Services.
Founded in 1991, Rehab Without Walls is a leading national provider of home- and community-based neurorehabilitation therapies for patients with traumatic brain injury, cerebrovascular accident injury and acquired brain injury, as well as those with other complex rehabilitation needs. The focus of RWW is to equip patients receiving neurorehabilitation services with functional skills, which result in maximum independence and allow them to participate in activities of daily living (ADLs) in their homes, schools, work sites and communities. Rehab Without Walls’ patients receive services from an interdisciplinary team of neurorehabilitation specialists specifically selected to meet their needs.
Gentiva Health Services, Inc. (www.gentiva.com; NASDAQ: GTIV) 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 services.
ResCare, Inc. (www.rescare.com), founded in 1974, is a national human services company that provides residential, therapeutic, job training and educational supports to people with developmental or other disabilities, to seniors who need in-home care, to youths with special needs and to adults who are experiencing barriers to employment.
About Edge Healthcare Partners
Edge Healthcare Partners is an independent Atlanta based investment banking firm focused on providing merger and acquisition services to leading private and public healthcare companies and private equity firms. Edge Healthcare Partners also assists companies with raising capital for growth, acquisitions, recapitalizations, going-private and management buy-out transactions The professionals of Edge Healthcare Partners have over 65 years of collective investment banking experience and have completed more than 100 transactions across the entire spectrum of healthcare including healthcare services, healthcare information technology, distribution and life sciences. Securities are offered through Edge Corporate Finance, Member FINRA and SIPC. For more information, visit https://www.edgehcp.com/.
