Financial Review of Gentiva Health Services

Financial Review of Gentiva Health Services

Has the company's profitability increased or decreased from 2010 to 2011? If so, how much? What components (i.e., revenues and/or expenses) caused the change in net income?

The profitability of the company in 2010 was $52,155 thousand. It had decreased significantly in 2011 to $450,525 thousand. Even though the revenues of the health organization increased this year, an expense component caused the organization to suffer this huge loss. The 'Goodwill, intangibles and other long-lived asset impairment' in the income statement amounted to a loss of $643,305 thousand in 2011. This is because ...