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Odyssey Healthcare, Inc. (now operating as a subsidiary of Gentiva Health Services, Inc.) is a for-profit provider of hospice services that was co-founded in 1995 by Richard R. Burnham, David Steffy, and David Gasmire. The company was a health care startup that opened its first hospice location in 1996. [1]
In 2006, Odyssey Healthcare, which operates in 30 states, paid $13 million to settle claims that it had enrolled people in hospice who did not belong. Odyssey entered into a “corporate integrity agreement” with the federal government and installed a “first of its kind clinical review protocol” to ensure that such abuses did not happen ...
Gentiva Health Services was founded on August 6, 1999, when Olsten Corporation split off its healthcare assets to form an independent, public company. Olsten Corporation was founded in 1946 by William Olsten. The company grew through the 1950s, 1960s, and 1970s. In 1971, it began focusing on its health care division under the name Olsten ...
There is a lot of money flowing through the U.S. healthcare industry. According to the Centers for Medicare & Medicaid Services, America's total health expenditures were $4.1 trillion in 2022, and ...
In setting dividend policy, management must pay regard to various practical considerations, [1] [2] often independent of the theory, outlined below. In general, whether to issue dividends, and what amount, is determined mainly on the basis of the company's unappropriated profit (excess cash) and influenced by the company's long-term earning power: when cash surplus exists and is not needed by ...
A number of brand-name ultra-high-yield dividend stocks, whose yields are at least 4 times higher than the current yield of the S&P 500 (1.34%), have badly lagged in this bull market.
Hospital operator Kindred Healthcare announced today it will begin paying a quarterly dividend to investors at a rate of $0.12 per share. Noting that it's the first dividend payment in the company ...
A dividend recapitalization (often referred to as a dividend recap) in finance is a type of leveraged recapitalization in which a payment is made to shareholders. As opposed to a typical dividend which is paid regularly from the company's earnings, a dividend recapitalization occurs when a company raises debt —e.g. by issuing bonds to fund ...