Gentiva(R) Health Services Announces Fourth Quarter and Fiscal 2007 Results, and Raises 20... (ng the results of TheHealthfield Group I...)

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

Date:2/14/2008

ng the results of The Healthfield Group, Inc. since its acquisition on February 28, 2006:
-- Net revenues increased 11% to $1.23 billion in fiscal 2007 versus the

prior year period.

-- Net income rose 58% to $32.8 million, or $1.15 per diluted share, in

fiscal 2007 versus $20.8 million, or $0.76 per diluted share, for the

prior year period.

-- EBITDA for 2007 increased 44% to $99.7 million versus $69.3 million in

2006. EBITDA for each period included net charges for special items

and restructuring and integration costs of $2.4 million and $5.8

million, respectively.

-- EBITDA and net income per diluted share for 2007, excluding special

items and restructuring and integration costs, were $102.1 million and

$1.20 versus $75.1 million and $0.89 for 2006.

-- Operating cash flow increased 22% to $62.7 million for fiscal 2007 as

compared to $51.4 million for the prior year.

2008 Outlook

Gentiva also announced that it has raised its 2008 financial outlook, which was previewed in the Company's third quarter earnings news release last November. The new outlook reflects the following key metrics:
-- Net revenues in a range between $1.28 billion and $1.32 billion (as

compared to the preview of $1.25 billion to $1.29 billion).

-- EBITDA in a range between $112 million and $117 million.

-- Diluted earnings per share in a range between $1.32 and $1.40 (as

compared to the preview of $1.25 to $1.35).

The 2008 outlook incorporates the following assumptions:

-- No changes during calendar 2008 to either Medicare home health

Prospective Payment System refinements or the Medicare home health

market basket increase of 3%, both of which became effective on January

1, 2008.

-- Inclusion of partial-year results of Home Health Care Affiliates, Inc.,

a recently-announced
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