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Gentiva Reports Fourth Quarter and Fiscal 2008 Results
Date:2/18/2009

------ ------ ------ ------ Total Medicare 196,625 155,638 716,074 609,547 Medicaid and local government 33,326 36,536 141,953 153,078 Commercial insurance and other (5) 52,978 121,222 442,411 466,672 ------ ------- ------- ------- Total net revenues $282,929 $313,396 $1,300,438 $1,229,297 ======== ======== ========== ========== A reconciliation of EBITDA to Net income - As Reported amounts follows: (2) 4th Quarter Fiscal Year ----------- ----------- 2008 2007 2008 2007 ---- ---- ---- ---- EBITDA (3) $30,009 $25,303 $114,128 $99,676 Gain on sale of business, net 61 - 107,933 - Depreciation and amortization (5,550) (5,308) (22,044) (20,013) Interest expense, net (2,489) (5,868) (17,087) (24,081) ------ ------ ------- ------- Income before income taxes 22,031 14,127 182,930 55,582 Income tax expense (6) (9,165) (5,281) (29,445) (22,754) ------ ------ ------- ------- Income before equity in net loss of affiliate 12,866 8,846 153,485 32,828 Equity in net loss of affiliate (55) - (35) - --- --- --- --- Net income - As Reported $12,811 $8,846 $1
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SOURCE Gentiva Health Services, Inc.
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