August 5, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Gentiva Health Services, Inc. (NASDAQ: GTIV), a provider of home health and hospice services, said that it is planning a private offering of $305.0 million of senior notes due 2018 to qualified institutional buyers. Gentiva said it plans to use the net proceeds from the sale of the notes to fund its acquisition of Odyssey HealthCare, Inc. (NASDAQ: ODSY).

 The notes are expected to be guaranteed by substantially all of Gentiva's domestic wholly-owned subsidiaries, including, following the acquisition, Odyssey and its subsidiaries.

Georgia-based Gentiva Health Services serves 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.

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