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

espectively, resulting from the adoption of Statement of

Financial Accounting Standards No. 123 (Revised) "Share-Based Payment"

(SFAS 123(R)) as of January 2, 2006. Corresponding amounts for fiscal

2007 and 2006 were $6.8 million and $4.3 million, respectively. Such

amounts were reflected in corporate expenses.

6) Components of EBITDA included the following:

A) Restructuring and integration costs for the fourth quarter and

fiscal 2007 were $0.3 million and $2.4 million, respectively, and

for the fourth quarter and fiscal 2006 were $3.3 million and $7.7

million, respectively. These costs included the following items:

(i) $0.3 million and $2.4 million for the fourth quarters of 2007

and 2006, respectively, and $2.3 million and $6.1 million for

fiscal 2007 and 2006, respectively, resulting from restructuring

and integration activities relating to the Healthfield

acquisition; (ii) $0.1 million for fiscal 2007 and $0.9 million

for both the fourth quarter of 2006 and fiscal 2006 in connection

with a restructuring plan associated with the Company's hospice

operations; and (iii) $0.7 million for fiscal 2006 resulting from

a restructuring plan associated with the Company's CareCentrix

operations.

Restructuring and integration costs for the fourth quarters and

fiscal 2007 and 2006 were reflected as follows for segment

reporting purposes (dollars in millions):

4th Quarter Fiscal Year

2007 2006 2007 2006

Home Health $0.1 $0.6 $0.6 $2.3

CareCentrix - - - 0.7

Other Related Service
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SOURCE Gentiva Health Services, Inc.
Copyright©2008 PR Newswire.
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