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

terprise value. EBITDA is also used in certain covenants contained in our credit agreement.

The following tables set forth a reconciliation of Continuing Operations Net Income to EBITDA:

    ALMOST FAMILY, INC. AND SUBSIDIARIES
    RECONCILIATION OF EBITDA




                                                   Three months ended
    RECONCILIATION OF EBITDA:                         December 31,
                                                   ------------------
                                                     2008        2007
                                                     ----         ----
    Net income from continuing operations      $5,205,828   $2,076,068
    Add back:
      Interest expense                            413,584      186,503
      Income taxes                              3,658,122    1,560,737
      Depreciation and amortization               179,098      216,501
      Amortization of stock-based compensation    160,081       29,642
                                                  -------       ------
    Earnings before interest, income taxes,
    depreciation and amortization (EBITDA)
    from continuing operations                 $9,616,713   $4,069,451
                                               ==========   ==========



    ALMOST FAMILY, INC. AND SUBSIDIARIES
    RECONCILIATION OF EBITDA




                                                Year ended December 31,
    RECONCILIATION OF EBITDA:                  -----------------------
                                                      2008        2007
                                                      ----        ----
    Net income from continuing operations      $16,404,174  $7,820,540
    Add back:
      Interest expense                           1,147,417     836,911
      Income taxes                              10,654,393   5,272,149
      Depreciation and amortization   
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SOURCE Almost Family, Inc.
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