NEW YORK, NY--(Marketwire - Mar 1, 2013) - The senior population in the U.S. (people above 65 years of age) is expected to rise significantly over the next few years. The increasing senior population will drive growth in the home health care industry. Population in other developed countries, most notably Japan, is also aging. For home health care companies such as Gentiva Health Services Inc. (NASDAQ: [ GTIV ]) and Amedisys Inc. (NASDAQ: [ AMED ]) the demographic change in the developed world offers significant opportunity. According to Administration on Aging (AoA), the senior population in the U.S. totaled 39.6 million in 2009, representing 12.9% of the country's total population. This number is set to rise to 72.1 million by 2030, according to AoA. Senior population is expected to represent nearly a fifth of U.S. total population 2030.

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U.S. is not the only developed country where senior population has been rising. Senior population accounts for nearly a quarter of Japan's total population. U.K., France, Germany and Italy are also seeing an increase in senior population. The growth in the home health care services is mainly driven by patients above the age of 65. Therefore an aging population should offer significant opportunities to companies such as Gentiva Health Services Inc. and Amedisys Inc.

The U.S. is currently the biggest market for home health care companies. Apart from an aging population, growth in the home health care industry will be driven by the shift to self-monitoring. Another major trend in the industry has been technological advancement.

Last month, Gentiva Health Services Inc. announced its financial results for the fourth quarter and full year 2012. For the fourth quarter of 2012, the company reported total net revenue of $425 million, down 5% on a year-over-year basis. The decline was due to the impact of substantial home health Medicare rate reduction in 2012 and the sale or closure of branches related to the company's comprehensive review of its branch structure in the third quarter of 2011.

Adjusted EBITDA for the fourth quarter of 2012 was $44.2 million, compared to $47.1 million reported for the same period in the previous year.

Gentiva Health Services Inc. did not provide any guidance for 2013 last month. The company said that it will provide guidance for 2013 once final sequestration rules have been issued by the Centers for Medicare and Medicaid Services (CMS).

Investors are now waiting for Amedisys Inc.'s fourth quarter financial results. Earlier this week, the company said that it will release its fourth quarter results on March 12, 2013.

For the third quarter of 2012, Amedisys Inc. had reported net service revenue of $375.6 million, compared to $370.6 million reported for the same period in the previous year. The company's net income from continuing operations for the quarter was $10 million, compared to $12.3 million reported for the same period in the previous year.

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