“We have created considerable value by partnering with Water Street to make CareCentrix a standalone company. Water Street’s focus on health care and their particular expertise in payer services will benefit CareCentrix tremendously. It is for this very reason that we decided to maintain a 31 percent ownership stake in CareCentrix. We think the business and its employees will thrive under Water Street’s strategic direction, and we are excited to continue to participate in that success through our equity investment. We look forward to a long and prosperous partnership with Water Street.”

Gentiva partnered with Water Street to divest its CareCentrix business unit in 2008. Water Street transformed CareCentrix into the nation’s leading home health benefits management company.