Business
Gentiva raises outlook
NEWS IN BRIEF — Posted Jan. 19, 2004
Home health care giant Gentiva Health Services Inc. raised its expectations for 2004 after it renewed its home health contract with CIGNA Healthcare in December 2003.
The company, based in Melville, N.Y., projected earnings in 2004 at between 57 cents and 63 cents per share, compared with its previous estimate of between 55 cents and 62 cents per share. The firm said revenues should reach between $835 million and $850 million.
Gentiva cares for nearly 500,000 patients each year. Its new contract with CIGNA runs through 2006.
Note: This item originally appeared at http://www.ama-assn.org/amednews/2004/01/19/bibf0119.htm.












