Corporate Report: Lincare Holdings buys units of Gentiva Health Services

Home health services company Gentiva Health Services Inc. sold its respiratory therapy and medical equipment business units plus infusion therapy service to a subsidiary of Clearwater-based Lincare Holdings Inc. in an all-cash transaction. Terms of the sale were not disclosed.

The sale included 40 locations in seven states. The businesses generated revenue of about $55 million for the year preceding Sept. 27.

Gentiva, based in Atlanta, has been divesting non-core assets to focus on home health and hospice services targeted to seniors. Along with sales of other units in 2008, it divested branch offices specializing in pediatric and adult private duty services in March 2009.