Gentiva Health Services Agrees to Sell Remaining Equity Stake in CareCentrix

Gentiva Health Services, Inc. GTIV announced today that it has agreed to sell its remaining equity stake in CareCentrix Holdings Inc.  The Company expects to realize net cash flow of $65 to $70 million as a result of the transaction. The Company will continue to hold a $25 million note receivable which bears interest at 10 percent per annum.  The transaction is expected to close within the next few weeks.