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Almost Family Announces Acquisition of Apex Home Health
Date:3/25/2008

Florida region. In the twelve months ended December 31, 2007 the Apex home health operations generated revenues of $15.5 million. The balance of the Apex operations generated approximately $0.7 million of revenue in 2007.

Regarding Ms. Ralston and Mr. Spriggs, Yarmuth concluded: "We are very happy to add Nancy and James to our growing and talented management team. We look forward to their contributions to the on-going growth of our Company."

Ms. Ralston and Mr. Spriggs issued the following statement regarding this combination: "As we built Apex into the Number 1 position in our current markets, we began looking for a partner that could help us realize our vision of even more growth for Apex. We knew we had great people and great programs and felt that with the right partner, we could achieve much more. We chose Almost Family because of their respect for how we have built our business here. Not only do they respect the business we have built in Northeast Florida, but they expect us to grow Apex even more. We couldn't be any more excited about joining such a vibrant and growing organization as Almost Family."

Financial Implications

The agreement calls for a total purchase price of $16 million, consisting of $12 million cash, $3 million in notes payable and $1 million (or approximately 50,000 shares) of Almost Family common stock (restricted). The cash portion of the transaction will be funded from borrowings available on the Company's existing senior credit facility with JP Morgan Chase Bank, NA. Subject to usual and customary closing conditions, substantially all of the transaction is expected to close before the end of March, 2008.

Almost Family, Inc., founded in 1976, is a leading regional provider of home health nursing services, with branch locations in Florida, Kentucky, Ohio, Connecticut, Massachusetts, Missouri, Alabama, Illinois and Indiana (in order of revenue significance). Almost Family, Inc. and its subsidiaries operate
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SOURCE Almost Family, Inc.
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