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Almost Family Reports Fourth Quarter and Full Year 2008 Results
Date:3/4/2009

Fourth Quarter and Full Year Highlights:

- Fourth quarter net service revenues increased 84% to $66.2 million; full year net service revenues increased 61% to $212.6 million

- Fourth quarter Visiting Nurse (VN) segment net revenues rose 108% to $55.7 million; full year VN net revenues rose 80% to $173.0 million

- Fourth quarter net income increased 151% to $5.2 million; full year net income increased 114% to $16.3 million

- Fourth quarter diluted EPS increased 68% to $0.62 per share on 48% more shares outstanding; full year diluted EPS increased 59% to $2.16 per share on 35% more shares outstanding

LOUISVILLE, Ky., March 4, 2009 /PRNewswire-FirstCall/ -- Almost Family, Inc. (Nasdaq: AFAM), a leading regional provider of home health nursing services, announced today its financial results for the three months and full year ended December 31, 2008.

William Yarmuth, Chief Executive Officer, commented, "By all measures, the fourth quarter of 2008 completes a milestone year for Almost Family. Our success during the quarter was highlighted by 84% total revenue growth and 47% organic growth in our VN segment. We have been extremely successful during the year rolling out our Senior Advocacy Mission to all of our existing and acquired branches. The results are a stronger patient centric organization, a broader platform from which to grow and continued strong financial performance. We are particularly pleased to have substantially completed the integration of Patient Care, the largest acquisition in our history, transitioning its home office functions and systems to our Louisville headquarters. Looking into 2009, we will continue to focus on the major drivers of our revenue growth: educating referral sources on how we can provide the best care for their patien
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SOURCE Almost Family, Inc.
Copyright©2009 PR Newswire.
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