Gentiva Health Svcs (NASDAQ: GTIV) Reports EPS of $0.44 vs. $0.59 Estimate; Revenues $458.8M vs. $473.36M Estimate

Gentiva Health Services GTIV today reported first quarter 2011 results. Gentiva acquired Odyssey HealthCare, Inc., ("Odyssey") one of the largest providers of hospice care in the United States, on August 17, 2010. The Company's results for the three months ended March 31, 2011 included Odyssey's financial results. On March 9, 2011, the Company completed the refinancing of indebtedness outstanding under its senior secured credit agreement. In connection with this refinancing, the Company recorded charges of approximately $3.8 million relating to the write-off of certain prepaid financing fees and the termination of the Company's interest rate swap contracts. These charges, which were included in interest expense, reduced adjusted income from continuing operations attributable to Gentiva shareholders by $0.08 per diluted share in the first quarter of 2011.