About Gentiva Health Services, Inc.
Gentiva Health Services, Inc. is the nation's leading provider of
comprehensive home health services, delivering innovative, high quality
care to patients across the United States. Gentiva is a single source for
skilled nursing; physical, occupational, speech and neurorehabilitation
services; hospice services; social work; nutrition; disease management
education; help with daily living activities; respiratory therapy and home
medical equipment; infusion therapy services; and other therapies and
services. For more information, visit Gentiva's web site,
http://www.gentiva.com, and its investor relations section at
http://investors.gentiva.com. GTIV-E
(tables and notes follow)
(in 000's, except per share
data) 3rd Quarter Nine Months
2008 2007 2008 2007
Statements of Income
Net revenues $347,561 $309,082 $1,017,508 $915,901
Cost of services and goods
sold 196,581 179,041 578,525 525,438
Gross profit 150,980 130,041 438,983 390,463
Selling, general and
administrative expenses (127,909) (110,299) (371,358) (330,795)
Gain on sale of business, net 107,872 - 107,872 -
Interest expense (4,191) (6,564) (15,876) (20,649)
Interest income 338 810 1,278 2,436
Income before income taxes 127,090 13,988 160,899 41,455
Income tax expense 6,218 5,797 20,280 17,473
Income before equity in net
earnings of affiliate 120,872 8,191 140,619 23,9
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