Almost Family Announces Acquisition of Apex H... ( LOUISVILLE Ky. March 25 /- Almost...)

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Almost Family Announces Acquisition of Apex Home Health

Date:3/25/2008

LOUISVILLE, Ky., March 25 /PRNewswire-FirstCall/ -- Almost Family, Inc. (Nasdaq: AFAM) today announced an agreement to acquire the assets of the Medicare-certified home health agency owned by Apex Home Healthcare Services, L.L.C. with operations in Jacksonville and Ormond Beach FL.

Company Comments on Combination

"We are very pleased to welcome the employees, the patients, and all the operations of Apex to our Company, and we are excited about this combination of outstanding providers," said William B. Yarmuth, chairman and chief executive officer of Almost Family. "After getting to know the founding partners of Apex and seeing what they've been able to accomplish in their marketplace we knew we wanted them to be a part of Almost Family. In addition to being an outstanding combination, this also puts us over the strategic milestone of $150 million in annual revenues."

The Company noted that Apex recently achieved the status of being the number one market share provider in Jacksonville according to the Medicare program's "Home Health Compare" at http://www.medicare.gov.

Founded in 2002, Apex operates Medicare-certified home health branches as well as personal care branches in Jacksonville and Ormond FL currently serving a daily census of 1,030 patients. Additionally, Apex separately operates a home care physician practice, and an outpatient rehabilitation practice business both located in Jacksonville and both of which were also acquired in this transaction. Ms. Nancy Ralston, CEO and Mr. James Spriggs, COO, both co- founders of Apex, will join Almost Family as Vice President of Operations and Vice President of Marketing for the Company's newly-formed Northeast
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SOURCE Almost Family, Inc.
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Almost Family Announces Acquisition of Apex H...( LOUISVILLE Ky. March 25 /- Almost...),Health