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Gentiva Reports Strong Second Quarter led by Home Health Segment
Date:7/31/2008

Raises Full Year Financial Outlook

MELVILLE, N.Y., July 31 /PRNewswire-FirstCall/ -- Gentiva Health Services, Inc. (Nasdaq: GTIV), the nation's leading provider of comprehensive home health services, today reported strong second quarter results, led by double-digit increases in Medicare revenues and admissions in the Company's Home Health segment.

(Logo: http://www.newscom.com/cgi-bin/prnh/20060323/NYTH117LOGO)

Performance highlights for the quarter ended June 29, 2008 included:

-- A 13% increase in net revenues to $346.2 million versus the second quarter ended July 1, 2007.

-- A 34% rise in net income to $12.0 million, or $0.41 per diluted share, versus $9.0 million, or $0.31 per diluted share, for the prior-year period. Average diluted shares were 29.2 million versus 28.5 million in the second quarter of 2007.

-- A 19% increase in earnings before interest, taxes, depreciation and amortization (EBITDA) to $31.5 million in the second quarter of 2008. EBITDA as a percentage of net revenues was 9.1% in the second quarter of 2008 versus 8.6% in the prior-year period. EBITDA included restructuring and integration costs of $0.4 million for the second quarter of 2008 as compared to $0.6 million for the prior-year period.

"Gentiva has generated a strong first half that puts us well on track to achieve our goals for the year," said Chairman and CEO Ron Malone. "We are building our Home Health segment with a focus on growing Medicare admissions, expanding our pioneering specialty programs, and increasing our capacity both organically and through acquisitions, including two transactions completed so
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SOURCE Gentiva Health Services, Inc.
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