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Last updated on May 30, 2012 at 0:10 EDT

Gentiva(R) Health Services Names Boelsen to Lead CareCentrix(R) Ancillary Care Benefit Management Unit

March 22, 2007
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MELVILLE, N.Y., March 22 /PRNewswire-FirstCall/ — Gentiva Health Services, Inc., the nation’s largest provider of comprehensive home health and related services, today announced the promotion of Thomas M. Boelsen to lead its CareCentrix ancillary care benefit management unit providing coordination and delivery of services to managed care members across the country.

Boelsen succeeds Robert Creamer, Senior Vice President, CareCentrix, who is leaving Gentiva to become CEO of a privately held healthcare company.

As Vice President – Finance of CareCentrix since 2002, Boelsen played a significant role in the recent restructuring which has led to this unit’s progress in renewing and expanding existing business, developing new relationships with managed Medicare and managed Medicaid providers and pursuing specialized product offerings. He has over two decades of experience in the home health industry and began his career with the public accounting firm of PricewaterhouseCoopers. Boelsen holds a bachelor of science degree in accounting from Bryant University.

CareCentrix, which generated approximately $268 million in 2006 net revenues, delivers a broad array of national and regional homecare administrative and clinical services to managed care members through a network of more than 3,500 third-party provider locations covering 50 states. Services provided through the network include skilled nursing and therapies, acute and chronic infusion therapies, respiratory therapies and home medical equipment services.

“Tom Boelsen’s appointment provides us with the strategic vision and leadership necessary for CareCentrix to maintain its momentum and expand its customer base,” said Gentiva Chairman and CEO Ron Malone. “We would like to thank Bob Creamer for his important contributions during his years with Gentiva and we wish him every success in his new role.”

About Gentiva Health Services, Inc.

Gentiva Health Services, Inc. is the nation’s largest provider of comprehensive home health and related services. The Company serves patients across the United States, through its direct service delivery units or through CareCentrix(R), which manages home health services for major managed care organizations. 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. Gentiva’s revenues are generated from federal and state government programs, commercial insurance and individual consumers. For more information, visit Gentiva’s web site, http://www.gentiva.com/, and its investor relations section at http://investors.gentiva.com/. GTIV-G

Forward-Looking Statement

Certain statements contained in this news release, including, without limitation, statements containing the words “believes,”"anticipates,”"intends,”"expects,”"assumes,”"trends” and similar expressions, constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based upon the Company’s current plans, expectations and projections about future events. However, such statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others: the Company’s ability to successfully integrate the operations of The Healthfield Group, Inc., acquired on February 28, 2006, and to achieve expected synergies and operating efficiencies within expected time frames or at all; the possibility that revenues may be lower than expected following the transaction; the possibility that difficulties in maintaining relationships with employees, customers, or suppliers may be greater than expected following the transaction; the Company’s ability to service debt incurred as a result of the transaction; general economic and business conditions; demographic changes; changes in, or failure to comply with, existing governmental regulations; legislative proposals for healthcare reform; changes in Medicare and Medicaid reimbursement levels; effects of competition in the markets in which the Company operates; liability and other claims asserted against the Company; ability to attract and retain qualified personnel; availability and terms of capital; loss of significant contracts or reduction in revenues associated with major payer sources; ability of customers to pay for services; business disruption due to natural disasters or terrorist acts; a material shift in utilization within capitated agreements; and changes in estimates and judgments associated with critical accounting policies and estimates. For a detailed discussion of certain of these and other factors that could cause actual results to differ from those contained in this news release, please refer to the Company’s various filings with the Securities and Exchange Commission (SEC), including the “Risk Factors” section contained in the Company’s annual report on Form 10-K for the year ended December 31, 2006.

    Contact:    David Fluhrer    631-501-7102    516-589-0778    david.fluhrer@gentiva.com  

Gentiva Health Services, Inc.

CONTACT: David Fluhrer of Gentiva Health Services, Inc.,+1-631-501-7102, +1-516-589-0778, david.fluhrer@gentiva.com

Web site: http://www.gentiva.com/