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Gentiva(R) Health Services Announces First Quarter 2008 Results and Reaffirms Financial Outlook
Date:5/1/2008

(17,741)

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

INVESTING ACTIVITIES:

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)

FINANCING ACTIVITIES:

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

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3. Gentiva(R) Health Services to Present November 7 at CIBC Healthcare Conference in New York
4. Gentiva(R) Health Services to Present January 8 at JPMorgan Healthcare Conference in San Francisco
5. Gentiva(R) Health Services Promotes Boelsen to Senior Vice President, CareCentrix(R)
6. Gentiva(R) Health Services Agrees to Acquire Major Home Health Provider in CON State of Mississippi
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8. Gentiva(R) Health Services Announces Fourth Quarter and Fiscal 2007 Results, and Raises 2008 Outlook
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10. Gentiva(R) Health Services Completes Acquisition of Major Home Health Provider in CON State of Mississippi
11. Gentiva(R) Health Services to Present March 18th at Lehman Brothers Eleventh Annual Global Healthcare Conference in Miami
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