Key Developments: Gentiva Health Services Inc (GTIV.OQ)

GTIV.OQ on NASDAQ Stock Exchange Global Select Market

11.40USD
1 Aug 2013
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Latest Key Developments (Source: Significant Developments)

Gentiva Health Services Inc Reaffirms FY 2013 EPS Guidance; Lowers FY 2013 Revenue Guidance
Thursday, 1 Aug 2013 07:02am EDT 

Gentiva Health Services Inc announced that for fiscal 2013, it expects net revenues to be in the range of $1.67 billion to $1.70 billion. The Company continues to expect adjusted income attributable to Gentiva shareholders to be in the range of $0.90 to $1.10 on a diluted per share basis. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $1.68 billion and EPS of $0.92 for fiscal 2013.  Full Article

Gentiva Health Services Inc Reaffirms FY 2013 Guidance
Thursday, 9 May 2013 07:00am EDT 

Gentiva Health Services Inc announced that for fiscal 2013, it expects net revenues to be in the range of $1.69 billion to $1.73 billion, including a $21.0 million year-over-year negative impact from branches closed or sold in the prior year. Adjusted income from continuing operations attributable to Gentiva shareholders to be in the range of $0.90 to $1.10 on a diluted per share (EPS) basis, based on an estimated 31.0 million shares outstanding. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $1.70 billion and EPS of $1.01 for fiscal 2013.  Full Article

Gentiva Health Services Inc Issues FY 2013 Guidance; EPS Guidance Below Analysts' Estimates
Wednesday, 20 Mar 2013 06:30am EDT 

Gentiva Health Services Inc announced that for fiscal 2013, it expects net revenues to be in the range of $1.69 billion to $1.73 billion, including a $21.0 million year-over-year negative impact from branches closed or sold in the prior year. Adjusted income from continuing operations attributable to Gentiva shareholders to be in the range of $0.90 to $1.10 on a diluted per share (EPS) basis, based on an estimated 31.0 million shares outstanding. The guidance includes the negative impact of sequestration and Medicare related rate changes, which is an approximate $30.0 million reduction in net revenues and adjusted earnings before interest, taxes, depreciation and amortization attributable to continuing operations (Adjusted EBITDA) and a $0.60 reduction in adjusted income from continuing operations on a diluted per share basis. This guidance assumes that sequestration will affect the reimbursement related to Medicare patients whose service dates end on or after April 1, 2013. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $1.72 billion and EPS of $1.26 for fiscal 2013.  Full Article

Gentiva Health Services Inc Names Rod Windley Executive Chairman
Tuesday, 5 Feb 2013 06:50pm EST 

Gentiva Health Services Inc announced that the Board of Directors named Rod Windley as the executive Chairman of the Board. Mr. Windley currently serves as Vice Chairman of the Board. Tony Strange will continue to serve as Gentiva's Chief Executive Officer and President.  Full Article

Gentiva Health Services Inc Raises FY 2012 EPS Guidance; Tightens FY 2012 Revenue Guidance
Thursday, 1 Nov 2012 07:10am EDT 

Gentiva Health Services Inc announced that based on results through the first nine months of 2012 and recent trends, the Company raised its fiscal 2012 outlook for adjusted income from continuing operations attributable to Gentiva shareholders to a range of $1.20 to $1.30 on a diluted per share basis. Additionally, the Company tightened its fiscal 2012 net revenue outlook to a range of $1.71 billion to $1.74 billion. This net revenue outlook to a range of $1.71 billion to $1.74 billion. This outlook does not include any potential fourth quarter 2012 impact from sequestration, which is currently scheduled to become effective on January 1, 2013, or the impact from Hurricane Sandy.  Full Article

Gentiva Health Services Inc Acquires Mississippi Hospice Provider
Tuesday, 11 Sep 2012 09:00am EDT 

Gentiva Health Services Inc announced the acquisition of North Mississippi Hospice, based in Oxford, Mississippi. Founded in 2006, North Mississippi Hospice has offices in Tupelo, Oxford and Southaven, Mississippi. The transaction is being funded from Gentiva's cash reserves and terms of transaction were not disclosed.  Full Article

Gentiva Health Services Inc Acquires Washington Home Health And Hospice Provider
Tuesday, 4 Sep 2012 09:27am EDT 

Gentiva Health Services Inc announced the acquisition of the home health and hospice businesses of Family Home Care Corporation based in Spokane, Washington. The transaction will be funded from Gentiva's cash reserves and is not expected to have a material impact on the Company's results.  Full Article

Gentiva Health Services Reaffirms FY 2012 Guidance
Thursday, 2 Aug 2012 07:01am EDT 

Gentiva Health Services announced that the Company reaffirmed fiscal 2012 outlook and expects net revenues to be in the range of $1.70-$1.76 billion and adjusted income from continuing operations (EPS) in the range of $1.00-$1.20 on a diluted per share basis for fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $1.74 billion and EPS of $1.15 for fiscal 2012.  Full Article

Gentiva Health Services Acquires Advocate Hospice
Thursday, 26 Jul 2012 07:05am EDT 

Gentiva Health Services announced the acquisition of Advocate Hospice, located in Danville, Indiana. The transaction is being funded from Gentiva's cash reserves and is not expected to have a material impact on the Company's financial results. Financial terms were not disclosed.  Full Article

Gentiva Health Services Reaffirms FY 2012 Guidance-Conference Call
Wednesday, 6 Jun 2012 06:00pm EDT 

Gentiva Health Services announced that for fiscal 2012, it expects revenues of $1.7 billion to $1.76 billion and then earnings per share (EPS) of $1.00 to $1.20 on an adjusted basis. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $1.14 and revenue of $1.75 billion for fiscal 2012.  Full Article

Gentiva sees reimbursement cuts eating into 2013 profit

March 20 - Home healthcare provider Gentiva Health Services Inc forecast 2013 earnings well below analysts' expectations, citing changes in Medicare reimbursement rates and budget cuts.

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