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Gentiva(R) Health Services Announces Fourth Quarter and Fiscal 2007 Results, and Raises 2008 Outlook
Date:2/14/2008

MELVILLE, N.Y., Feb. 14 /PRNewswire-FirstCall/ -- Gentiva Health Services, Inc. (Nasdaq: GTIV), the nation's leading provider of comprehensive home health and related services, today reported the following financial results for the fourth quarter ended December 30, 2007:
-- Net revenues increased 7% to $313.4 million versus the fourth quarter

ended December 31, 2006.

-- Net income rose 60% to $8.8 million, or $0.31 per diluted share, versus

$5.5 million, or $0.20 per diluted share, for the prior year period.

Average diluted shares were 28.8 million versus 28.2 million in the

2006 fourth quarter.

-- Earnings before interest, taxes, depreciation and amortization (EBITDA)

increased 33% to $25.3 million.

-- EBITDA and net income per diluted share, excluding Healthfield-related

restructuring and integration costs in both periods, were $25.6 million

and $0.31 for the fourth quarter of 2007 as compared to $22.3 million

and $0.27 for the 2006 fourth quarter.

-- EBITDA as a percentage of net revenues, excluding Healthfield-related

restructuring and integration costs, was 8.2% in the 2007 fourth

quarter versus 7.6% in the prior year period.

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

"Gentiva's performance in the fourth quarter completes another solid year of progress for the Company," said Gentiva Chairman and CEO Ron Malone. "Our results for the quarter and the year were driven by the ongoing expansion of Home Health, the launching of new specialty programs and their contribution to double-digit Medicare
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SOURCE Gentiva Health Services, Inc.
Copyright©2008 PR Newswire.
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