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Kindred at Home history
Kindred at Home company history timeline
With the 1985 hiring of Robert Fusco, who would go on to become president of the unit, Olsten Home Health Care began to show dramatic improvements.
By 1990 Olsten Home Health Care had 75 offices and was a profitable $100 million business.
1990 Upjohn Health Services Inc. is acquired.
In 1995 Olsten Healthcare launched CareCentrix to serve as an ancillary care benefit manager for insurers and government-related managed care payers.
While the federal probe continued, Olsten Healthcare bought back the business for $34 million in 1998.
Falling profits and a slumping stock price led to a management shakeup at Olsten Corp. in early 1999.
For the year 2000 the company lost $104.2 million, but this was the result of writing off $119 million in accounts receivable.
In June 2002 when the deal closed, Gentiva sold the business to Accredo Health Inc. for approximately $415 million, split almost equally between cash and stock.
Revenues continued to grow in 2004 to $846 million.
The company (Nasdaq: GTIV), which pulled in $1.3 billion in revenue last year, has significant operations in the Southeast, following its $454 million acquisition of Atlanta-based The Healthfield Group Inc. in 2006.
Gentiva reported a 33 percent spike in 2008 profits to $45.5 million, excluding a net gain from the sale of its CareCentrix unit and special charges.
By 2020 that number was expected to grow by more than 50 percent to 53.7 million.
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Kindred at Home competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| The Denver Hospice | 1977 | $18.0M | 300 | - |
| Amedisys | 1982 | $2.3B | 21,000 | 1,258 |
| VITAS Healthcare | 1978 | $35.0M | 12,388 | 883 |
| Visiting Nurse Association | 1896 | $5.3M | 200 | 21 |
| Hearland Hospice | - | $1.3M | 50 | 168 |
| Compassus | 1979 | $97.0M | 7,500 | 1,619 |
| Advantage Hospice & Homecare | 2004 | $180.0M | 1,900 | - |
| Heartland Home Health Inc. | - | $1.3M | 35 | 254 |
| SouthernCare | - | $2.1M | 50 | 24 |
| Intrepid USA | 1990 | $65.0M | 3,500 | 2 |
Kindred at Home history FAQs
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Kindred at Home may also be known as or be related to Gentiva Health Services Inc, Kindred At Home, Kindred Homes and Kindred at Home.