VN Revenue Comparison for the Year
Due to the significant impact of acquisition activities on VN revenue
growth, the following tables are presented comparing revenue growth by
market type for the years ended December 31, 2007 and 2006:
VN Revenue Comparison
by Market Type - All # of
VN Operations Mkts 2007 2006 Change Percent
Newly acquired markets 16 $24,933,372 $1,230,132 $23,703,240
Markets with in-market
acquisitions 10 17,944,250 11,830,306 6,113,944 51.7%
Acquisition related
markets 26 42,877,622 13,060,439 29,817,183
Markets with no
acquisition impact 25 53,342,327 42,129,819 11,212,508 26.6%
51 $96,219,949 $55,190,258 $41,029,691 74.3%
VN revenues grew approximately $41 million between years of which 58% came from newly acquired markets, 15% came in markets with in-market acquisitions and 27% came from markets with no acquisition impact.
Results of operations for the years ended December 31, 2007 and 2006
are set forth in the tables below:
December December
2007 2006
Amount % Rev Amount % Rev
Net revenues
Visiting Nurses $96,219,949 72.8% $55,190,258 60.9%
Personal Care 35,910,107 27.2% 35,455,236 39.1%
$132,130,056 100.0% $90,645,494 100.0%
Operating income
Visiting Nurses $19,592,144 20.4% $9,098,996 16.5%
Personal Care 3,412,008 9.5% 3,899,545 11.
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