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

---------------- 2008 2007 Change Amount Amount Amount % ----------------------------------- Average number of locations 23 22 1 4.5 Admissions 3,671 3,544 127 3.6% Patient Days of Care 558,681 526,540 32,141 6.1% Billable Hours 2,225,213 2,042,226 182,987 9.0% Revenue per billable hours $17.81 $17.60 $0.21 1.2%

Non-GAAP Financial Measure

The information provided in the tables in this release includes certain non-GAAP financial measures as defined under Securities and Exchange Commission (SEC) rules. In accordance with SEC rules, the Company has provided, in the supplemental information and the footnotes to the tables, a reconciliation of those measures to the most directly comparable GAAP measures.

EBITDA:

EBITDA is defined as income before depreciation and amortization, net interest expense and income taxes. EBITDA is not a measure of financial performance under accounting principles generally accepted in the United States of America. It should not be considered in isolation or as a substitute for net income, operating income, cash flows from operating, investing or financing activities, or any other measure calculated in accordance with generally accepted accounting principles. The items excluded from EBITDA are significant components in understanding and evaluating financial performance and liquidity. Management routinely calculates and communicates EBITDA and believes that it is useful to investors because it is commonly used as an analytical indicator within our industry to evaluate performance, measure leverage capacity and debt service ability, and to estimate current or prospective en
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SOURCE Almost Family, Inc.
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