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Odyssey Healthcare

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entered into an agreement to buy Odyssey Healthcare for about $ 1 billion in cash with Odyssey common stock valued at $ 27 per share. At the completion of the acquisition, the combined home health and hospice operations had about 14,000 patients.
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and billing practices. On October 18, 2004, as a result of the investigation and lower financial projections, Odyssey's investors lost $ 289 million, with its shares dropping 47 percent. At the time, Odyssey operated 72 hospices in 30 states.
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In 2001, Odyssey Healthcare made the decision to make its first initial public offering (IPO) of stock after finishing its first profitable year in 2000. The net income recorded for 2000 was approximately $ 3.1 million.
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Odyssey Healthcare, Inc. offers various health services to patients and families through its 100 Medicare-certified programs currently available in 30 states. Odyssey Hospice has locations in
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Higgins, R., Fuller, V., and Raffat, U. (2008, September 18). Odyssey healthcare case study. Harvard Business School.
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In October 2004, Odyssey decreased its profit projections and announced that it had been under investigation by the
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services that was co-founded in 1995 by Richard R. Burnham, David Steffy, and David Gasmire. The company was a
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startup that opened its first hospice location in 1996. The company that was formerly based in
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Heimoff, S. (December 1999). 3 Health care startups refuse to be boxed in. Managed Care.
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Forbes. (2010, May 24). Gentiva health services to buy odyssey healthcare.
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since the prior month. Odyssey was being investigated under the
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Medical and health organizations based in Georgia (U.S. state)
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