Gentiva(R) Health Services Announces Fourth Quarter and Fiscal 2007 Results, and Raises 20...(re Net income: Basic ...),Health

Net income:

Basic $0.32 $0.20 $1.18 $0.78

Diluted $0.31 $0.20 $1.15 $0.76

Average shares outstanding:

Basic 28,006 27,301 27,798 26,480

Diluted 28,781 28,167 28,599 27,317

Condensed Balance Sheets

ASSETS

Dec 30, 2007 Dec 31, 2006

Cash, cash equivalents and

restricted cash (A) $36,181 $32,910

Short-term investments (B) 31,250 24,325

Accounts receivable, net (C) 207,801 181,549

Deferred tax assets 18,859 30,443

Prepaid expenses and other

current assets 14,415 11,933

Total current assets 308,506 281,160

Fixed assets, net 59,562 49,684

Intangible assets, net 211,602 213,280

Goodwill 276,100 274,959

Other assets 26,463 24,799

Total assets $882,233 $843,882

LIABILITIES AND SHAREHOLDERS' EQUITY

Current portion of long-term

debt $2,304 $-

Accounts payable 20,093 19,580

Payroll and related taxes 17,163 16,085

Deferred revenue 29,015 20,122

Medicare liabilities 7,985 9,232

Cost of claims incurred but

not reported 24,321 19,462

Obligations under insurance

programs 36,816 35,910

Other accrued expenses 42,282 45,020

Total current

liabilities 179,979 165,411

Long-term
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