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Gentiva(R) Health Services Announces First Quarter 2008 Results and Reaffirms Financial Outlook


Prepaid expenses and other current assets (2,151) (4,863)

Current liabilities 8,825 18,660

Other, net (49) 695

Net cash provided by operating activities 8,135 15,681


Purchase of fixed assets (6,624) (6,445)

Acquisition of businesses, net of

cash acquired (47,405) -

Purchases of short-term investments

available-for-sale (28,000) (17,000)

Maturities of short-term investments

available-for-sale 44,900 12,800

Net cash used in investing

activities (37,129) (10,645)


Proceeds from issuance of common stock 4,119 2,188

Windfall tax benefits associated

with equity-based compensation 1,235 241

Borrowings under revolving credit facility 12,000 -

Home Health Care Affiliates debt repayments (7,420) -

Debt issuance costs (432) -

Other debt repayments - (7,000)

Repayment of capital lease obligations (307) (294)

Net cash provided by (used in)

financing activities 9,195 (4,865)

Net change in cash, cash equivalents

and restricted cash (19,799) 171

Cash, cash equivalents and restricted cash

at beginning of period 36,181 32,910

Cash, cash equivalents and

restricted cash at end of

SOURCE Gentiva Health Services, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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