Gentiva(R) Health Services Announces Fourth Quarter and Fiscal 2007 Results, and Raises 20... (s

Gentiva(R) Health Services Announces Fourth Quarter and Fiscal 2007 Results, and Raises 2008 Outlook

Date:2/14/2008

s - 0.9 0.1 0.9

Corporate expenses 0.2 1.8 1.7 3.8

Total $0.3 $3.3 $2.4 $7.7

B) A special item -- further described in Note 2 above -- relating to

a Medicare cost report settlement of $1.9 million for fiscal 2006,

was reflected in the Home Health segment.

Excluding the items described in Notes 6A and 6B above, EBITDA for the

fourth quarters of 2007 and 2006 would have been $25.6 million and

$22.3 million, respectively, and for fiscal 2007 and 2006 would have

been $102.1 million and $75.1 million, respectively.

7) Depreciation and amortization reflected amortization of identifiable

intangible assets of $1.0 million and $3.9 million, respectively, for

the fourth quarter and fiscal 2007, and $0.9 million and $3.3 million,

respectively, for the fourth quarter and fiscal 2006.

8) Interest expense, net, included interest expense on a term loan, fees

associated with a $75 million revolving credit facility and

amortization of debt financing costs, net of interest income.

9) The Company's effective tax rate was 37.4% and 40.9% for the fourth

quarter and fiscal 2007, respectively, and 35.9% and 36.4% for the

fourth quarter and fiscal 2006, respectively. The impact of the

adoption of SFAS 123(R) resulted in an increase in the Company's

effective tax rate of 2.0% and 2.3% in the fourth quarter and fiscal

2007, respectively, and 3.8% and 3.5% in the fourth quarter and fiscal

2006, respectively. In addition, the recognition of state net

operating loss carryforwards and the release of certain tax reserves

resulted in decreases in the Company's effective tax rate of 4.3% and

1.6% in the fourth quarter and fiscal 2
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Gentiva(R) Health Services Announces Fourth Quarter and Fiscal 2007 Results, and Raises 20...(s - 0.9 0.1 ...),Health