Gentiva(R) Health Services Announces Fourth Quarter and Fiscal 2007 Results, and Raises 20... (revenue growth and thepositive results r...)

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

Date:2/14/2008

revenue growth, and the positive results reported by CareCentrix."
Malone noted these performance highlights for the 2007 fourth quarter:

-- In the Home Health segment, Medicare revenues were up 12% versus the

prior year period, driven by solid performances in both the expanding

specialty programs and in traditional home health services. Overall

segment revenues increased 5%, with the Medicare revenue gain offset

somewhat by a decline in non-Medicare business as Gentiva pursued its

ongoing strategy of exiting or renegotiating relationships that do not

meet certain profitability standards. Operating contribution for the

segment rose 18%. Operating contribution margin was 14.5% versus 12.9%

reported in the fourth quarter of 2006.

-- CareCentrix revenues and operating contribution each rose about 12%

versus the prior year period. Operating contribution margin was 9.4%,

nearly even with that of the fourth quarter of 2006. CareCentrix

continued to benefit from its servicing of increased managed care

membership enrollments among its customers, as well as implementation

of an exclusive contract in Georgia.

-- Gentiva made voluntary loan repayments of $6 million in the fourth

quarter that reduced long-term debt to $310 million at December 30,

2007. Together with the strong operating earnings, this has resulted

in a lower leverage ratio and has triggered a 25 basis point decrease

in the Company's term loan interest rate, effective today.

Malone added that fourth quarter revenues in the Other Related Services segment were about even with the prior year period, while operating contribution declined as Gentiva continued to focus on the segment's future growth prospects.

Gentiva reported the following results for the fiscal years ended December 30, 2007 and December 31, 2006, includi
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