Navigation Links
Almost Family Reports Third Quarter 2008 Results
Date:11/5/2008


LOUISVILLE, Ky., Nov. 5 /PRNewswire-FirstCall/ --

Recent Corporate Highlights:

-- Net service revenues increased 84% to $58.7 million

-- Visiting Nurse (VN) segment net revenues rose 113% to $48.6 million

-- Net income increased 149% to $4.7 million

-- Diluted EPS increased 65% to $0.56 per diluted share on 49% more shares

-- Completed acquisition of Patient Care for $45.2 million

-- Achieved top-25 ranking on Forbes' 200 Best Small Companies List

Almost Family, Inc. (Nasdaq: AFAM), a leading regional provider of home health nursing services, announced today its financial results for the three months and nine months ended September 30, 2008.

William B. Yarmuth, Chairman and CEO, commented, "We're pleased to once again report record operating results validating our strategy and business plan. More than a double in VN segment revenue over the same quarter of last year and a 44% organic Medicare revenue growth rate provide strong evidence that we are on the right track and positioned well for the future. Our disciplined operating model, our thoughtful and deliberate approach to acquisitions and our commitment to our Senior Advocacy mission are all combining to generate an exceptional level of performance."

Third Quarter Financial Results

Almost Family reported third quarter 2008 net service revenues of $58.7 million, an 84% increase from $32 million in the third quarter of 2007. Operating income for the third quarter of 2008 increased to 13% of net service revenues versus 11% for the third quarter of 2007.

Net income for the third quarter of 2008 increased almost 150% to $4.7 million, or $0.56 per diluted share, compared to $1.9 million, or $0.34 per diluted share, in the third quarter of 2007. The weighted average shares outstanding for purposes of calculating diluted earnings per share increased 49% between periods.

Third Quarter Segment Results

Net revenues in the Visiting Nurse segment for the third quarter of 2008 were $48.6 million, a 113% increase from $22.9 million in the third quarter of 2007. The total revenue growth of $25.7 million came from a 44% organic growth rate plus $15.7 million from acquired operations. The Patient Care acquisition completed on August 1st was in the quarter for 2 months and contributed about $7.6 million in revenue. Operating income before corporate expense in the VN segment for the third quarter 2008 was $10.0 million, a 130% increase from $4.3 million in the third quarter 2007.

Net revenues in the Personal Care (PC) segment for the third quarter of 2008 were $10.1 million, an 11% increase from $9.1 million in the third quarter of 2007. Operating income before corporate expense in the PC segment for the third quarter of 2008 was $914,000.

Nine Month Period Ended September 30, 2008

Almost Family reported net service revenues for the nine month period ended September 30, 2008 of $146.4 million, a 52% increase from $96.3 million in the same period last year. Operating income for the nine month period increased to 13% of net service revenues versus 11% for the prior year period.

Net income for the nine month period was $11.1 million, or $1.52 per diluted share, compared to $5.5 million, or $0.99 per diluted share, in the prior year period. The weighted average shares outstanding for purposes of calculating diluted earnings per share increased 30% between periods.

Nine Month Period Segment Results

Net revenues in the Visiting Nurse (VN) segment for the nine month period of 2008 were $117.3 million, a 69% increase from $69.4 million in the same period last year. The total revenue growth of $47.9 million came from a 31% organic growth rate plus $26.3 million from acquired operations. The Patient Care acquisition contributed about $7.6 million in revenue. Operating income before corporate expense in the VN segment for the nine month period was $24.0 million, an 82% increase from $13.2 million in the same period last year.

Net revenues in the Personal Care (PC) segment for the nine month period were $29.1 million, an 8% increase from $26.9 million in the same period last year. Operating income before corporate expense in the PC segment for the nine month period was $2.5 million, a 6% decrease from $2.6 million in the same period last year.

Recent Corporate Developments

On July 16, 2008, Almost Family established a new senior secured multi- bank credit facility that replaced its previous facility and provides for up to $75 million in borrowings with a maturity date of July 2011.

On August 1, 2008, Almost Family completed the acquisition of Patient Care for $45.2 million, subject to a working capital adjustment. The acquisition was previously under a definitive agreement signed on June 18, 2008. The acquisition added $47 million in annual revenues and eight locations in New Jersey, Connecticut, and Pennsylvania. Due to the transition, wind down costs and the timing of the close, the acquisition is not expected to contribute significantly to earnings in 2008 but is expected to be accretive to EPS in 2009.

On October 14, 2008, Almost Family announced that it had been ranked No. 24 in Forbes' 2008 listing of the 200 Best Small Companies in America, rising from its No. 77 ranking in 2007.

Today, November 5, 2008 Almost Family expects to file with the Securities and Exchange Commission a shelf registration statement on Form S-3 which, when declared effective by the SEC, will increase the amount of capital it could raise from approximately $30 million to $150 million to provide financing flexibility for development plans.

The registration statement on Form S-3 has not yet become effective. Securities may not be sold nor may offers to buy be accepted prior to the time that the registration statement becomes effective. This news release does not constitute an offer to sell, or the solicitation of an offer to buy securities, nor shall there be any sale of securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification of the securities under the securities laws of that state.

Conference Call

A conference call to review the results will begin today at 11:00 a.m. ET and will be hosted by William B. Yarmuth, President and Chief Executive Officer, and Steve Guenthner, Senior Vice President and Chief Financial Officer. To participate in the conference call, please dial 1-877-407-0789 (USA) or 1-201-689-8562 (International). In addition, a dial-up replay of the conference call will be available beginning today at 12:00 p.m. ET and ending on November 17, 2008. The replay telephone number is 1-877-660-6853 (USA) or 1-201-612-7415 (International) along with the account number 3055 and conference ID 300518.

A live webcast of the call will also be available from the Investor Relations section on the corporate web site at http://www.almostfamily.com. A webcast replay can be accessed on the corporate web site beginning November 5, 2008 at approximately 12:00 p.m. ET and will remain available until December 5, 2008.

ALMOST FAMILY, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

(UNAUDITED)

Three months ended September 30,

2008 2007

Net service revenues $58,705,671 $31,970,989

Cost of service revenue 27,129,332 15,655,619

Gross margin 31,576,339 16,315,370

General and administrative expenses:

Salaries and benefits 16,400,590 8,864,823

Other 7,367,422 4,079,996

Total general and administrative expenses 23,768,012 12,944,819

Operating income 7,808,327 3,370,551

Interest expense, net (355,077) (153,480)

Income from continuing operations before

income taxes 7,453,251 3,217,071

Income tax expense (2,729,479) (1,261,360)

Net income from continuing operations 4,723,772 1,955,711

Discontinued operations, net of tax of

$12,759 and $10,810 (19,015) (69,647)

Net income $4,704,756 $1,886,064

Per share amounts-basic:

Average shares outstanding 8,137,326 5,434,954

Income from continued operations $0.58 $0.36

Loss from discontinued operations - (0.01)

Net income $0.58 $0.35

Per share amounts-diluted:

Average shares outstanding 8,357,332 5,614,342

Income from continued operations $0.57 $0.35

Loss from discontinued operations (0.01) (0.01)

Net income $0.56 $0.34

ALMOST FAMILY, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

(UNAUDITED)

Nine months ended September 30,

2008 2007

Net service revenues $146,432,996 $96,253,670

Cost of service revenue 68,531,881 46,634,840

Gross margin 77,901,115 49,618,831

General and administrative expenses:

Salaries and benefits 39,941,445 26,546,476

Other 19,031,652 12,966,063

Total general and administrative expenses 58,973,097 39,512,539

Operating income 18,928,018 10,106,292

Interest expense, net (733,833) (650,408)

Income from continuing operations before

income taxes 18,194,185 9,455,885

Income tax expense (6,996,271) (3,711,412)

Net income from continuing operations 11,197,914 5,744,473

Discontinued operations, net of tax of

$63,661 and $45,858 (101,147) (210,995)

Net income $11,096,767 $5,533,478

Per share amounts-basic:

Average shares outstanding 7,111,182 5,412,407

Income from continued operations $1.57 $1.06

Loss from discontinued operations (0.01) (0.04)

Net income $1.56 $1.02

Per share amounts-diluted:

Average shares outstanding 7,298,718 5,602,917

Income from continued operations $1.53 $1.03

Loss from discontinued operations (0.01) (0.04)

Net income $1.52 $0.99

ALMOST FAMILY, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

September 30, December 31,

2008 2007

ASSETS (UNAUDITED)

CURRENT ASSETS:

Cash and cash equivalents $735,371 $473,222

Accounts receivable - net 32,488,500 16,965,316

Prepaid expenses and other current assets 2,911,001 1,203,454

Deferred tax assets 3,917,156 1,829,895

TOTAL CURRENT ASSETS 40,052,028 20,471,887

PROPERTY AND EQUIPMENT - NET 3,639,214 1,458,844

GOODWILL 95,669,941 42,667,244

OTHER INTANGIBLE ASSETS 10,020,329 2,488,056

DEFERRED TAX ASSETS 1,799,211 -

OTHER ASSETS 510,403 274,359

TOTAL ASSETS $151,691,126 $67,360,390

LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:

Accounts payable $4,191,074 $3,943,555

Accrued other liabilities 21,439,092 10,369,346

Current portion - capital leases and

notes payable 5,342,563 653,891

TOTAL CURRENT LIABILITIES 30,972,729 14,966,792

LONG-TERM LIABILITIES:

Revolving credit facility 26,484,594 12,386,783

Capital Lease Obligations 286,406 -

Notes payable 3,000,000 4,000,000

Long-term deferred tax liabilities - 776,672

Other liabilities 1,521,368 388,230

TOTAL LONG-TERM LIABILITIES 31,292,368 17,551,685

TOTAL LIABILITIES 62,265,097 32,518,477

STOCKHOLDERS' EQUITY:

Preferred stock, par value $0.05; authorized

2,000,000 shares; none issued or outstanding - -

Common stock, par value $0.10; authorized

10,000,000 shares; 8,139,002 and 7,808,819

issued and outstanding 813,900 780,882

Treasury stock, at cost, 2,276,898 shares - (8,877,641)

Additional paid-in capital 64,775,360 30,198,671

Retained earnings 23,836,769 12,740,001

TOTAL STOCKHOLDERS' EQUITY 89,426,029 34,841,913

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $151,691,126 $67,360,390

ALMOST FAMILY, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

Nine months ended September 30,

2008 2007

Cash flows from operating activities:

Net income $11,096,767 $5,533,478

Loss from discontinued operations (101,147) (210,995)

Income from continuing operations 11,197,914 5,744,473

Adjustments to reconcile income from

continuing operations to net cash

provided by operating activities:

Depreciation and amortization 1,151,895 625,700

Provision for uncollectible accounts 2,377,991 795,593

Stock-based compensation 527,462 332,868

Deferred income taxes (1,152,716) 833,316

14,102,546 8,331,950

Change in certain net current assets, net

of the effects of acquisitions:

(Increase) decrease in:

Accounts receivable (11,622,049) (1,602,214)

Prepaid expenses and other current assets (789,821) (491,051)

Other assets (26,455) (34,697)

Increase (decrease) in:

Accounts payable and accrued expenses 2,057,893 100,403

Net cash provided by operating activities 3,722,114 6,304,391

Cash flows from investing activities:

Capital expenditures (622,168) (504,451)

Acquisitions, net of cash acquired (58,593,323) (542,348)

Net cash used in investing activities (59,215,491) (1,046,799)

Cash flows from financing activities:

Net revolving credit facility repayments 14,096,873 (4,426,462)

Proceeds from stock option exercises 54,876 107,187

Purchase of common stock in connection

with option exercises - (3,804,883)

Tax benefit from non-qualified stock

option exercises 84,448 704,294

Proceeds from stock offering 41,820,562 -

Principal payments on capital leases and

notes payable (200,086) (1,160,623)

Net cash provided by (used in) financing

activities 55,856,673 (8,580,487)

Cash flows from discontinued operations

Operating activities (101,147) (210,995)

Investing activities - -

Financing activities - -

Net cash used in discontinued operations (101,147) (210,995)

Net increase (decrease) in cash and cash

equivalents 262,149 (3,533,890)

Cash and cash equivalents at beginning of

period 473,222 4,125,592

Cash and cash equivalents at end of period $735,371 $591,702

Summary of non-cash investing and financing

activities:

Acquisitions funded by notes payable $3,000,000 $-

Acquisitions funded by stock $1,000,000 $-

ALMOST FAMILY, INC. AND SUBSIDIARIES

RESULTS OF OPERATIONS

Three months ended September 30,

2008 2007 Change

% %

Amount Rev Amount Rev Amount %

Net revenues

Visiting Nurse $48,621,039 82.8% $22,879,921 71.6% $25,741,118 112.5%

Personal Care 10,084,632 17.2% 9,091,068 28.4% 993,564 10.9%

58,705,671 100.0% 31,970,989 100.0% 26,734,682 83.6%

Operating income

Visiting Nurse 9,999,970 20.6% 4,345,349 19.0% 5,654,621 130.1%

Personal Care 914,460 9.1% 911,438 10.0% 3,022 0.3%

Operating income

before unallocated

corporate

expenses 10,914,430 18.6% 5,256,786 16.4% 5,657,643 107.6%

Corporate expenses 3,106,103 5.3% 1,886,235 5.9% 1,219,867 64.7%

Operating income 7,808,327 13.3% 3,370,551 10.5% 4,437,776 131.7%

Interest expense,

net (355,077) 0.6% (153,480) 0.5% 201,597 131.4%

Income taxes (2,729,479) 4.6% (1,261,360) 3.9% 1,468,119 116.4%

Net income from

continuing

operations $4,723,772 8.0% $1,955,711 6.1% $2,768,060 141.5%

EBITDA from

continuing

operations $8,512,002 14.5% $3,697,860 11.6% $4,814,141 130.2%

ALMOST FAMILY, INC. AND SUBSIDIARIES

RESULTS OF OPERATIONS

Nine months ended September 30,

2008 2007 Change

% %

Amount Rev Amount Rev Amount %

Net revenues

Visiting Nurse $117,317,206 80.1% $69,388,234 72.1% $47,928,972 69.1%

Personal Care 29,115,790 19.9% 26,865,436 27.9% 2,250,354 8.4%

146,432,996 100.0% 96,253,670 100.0% 50,179,326 52.1%

Operating income

Visiting Nurse 24,037,766 20.5% 13,226,706 19.1% 10,811,060 81.7%

Personal Care 2,479,941 8.5% 2,625,454 9.8% (145,512) -5.5%

Operating income

before unallocated

corporate

expenses 26,517,707 18.1% 15,852,160 16.5% 10,665,547 67.3%

Corporate expenses 7,589,689 5.2% 5,745,868 6.0% 1,843,822 32.1%

Operating income 18,928,018 12.9% 10,106,292 10.5% 8,821,726 87.3%

Interest expense,

net (733,833) 0.5% (650,408) 0.7% 83,426 12.8%

Income taxes (6,996,271) 4.8% (3,711,412) 3.9% 3,284,859 88.5%

Net income from

continuing

operations $11,197,914 7.6% $5,744,473 6.0% $5,453,440 94.9%

EBITDA from

continuing

operations $20,607,374 14.1% $11,064,861 11.5% $9,542,513 86.2%

ALMOST FAMILY, INC. AND SUBSIDIARIES

VISITING NURSE SEGMENT OPERATING METRICS

Three months ended September 30,

2008 2007 Change

Amount Amount Amount %

Average number of locations 62 46 16 34.8%

All payors:

Admissions 10,321 6,951 3,370 48.5%

Billable Visits 304,519 145,009 159,510 110.0%

Medicare Statistics:

Revenue $43,371,820 $21,012,932 $22,358,888 106.4%

Percentage of total

revenues 89.2% 91.8%

Billable Visits 261,423 131,710 129,713 98.5%

Admissions 9,475 6,161 3,314 53.8%

Episodes 14,558 7,972 6,586 82.6%

Revenue per episode $2,926 $2,638 $287 10.9%

Visits per episode 17.4 16.3 1.1 7.0%

ALMOST FAMILY, INC. AND SUBSIDIARIES

PERSONAL CARE SEGMENT OPERATING METRICS

Three months ended September 30,

2008 2007 Change

Amount Amount Amount %

Average number of locations 23 23 - -

Admissions 883 957 (74) -7.7%

Patient Days of Care 140,021 131,035 8,986 6.9%

Billable Hours 560,332 508,829 51,503 10.1%

Revenue per billable hours $18.00 $17.87 $0.13 0.7%

ALMOST FAMILY, INC. AND SUBSIDIARIES

VISITING NURSE SEGMENT OPERATING METRICS

Nine months ended September 30,

2008 2007 Change

Amount Amount Amount %

Average number of locations 57 47 10 21.3%

All payors:

Admissions 28,131 21,767 6,364 29.2%

Billable Visits 732,654 431,626 301,028 69.7%

Medicare Statistics:

Revenue $107,769,437 $64,274,490 $43,494,947 67.7%

Percentage of total

revenues 91.9% 92.6%

Billable Visits 654,539 392,074 262,465 66.9%

Admissions 25,698 19,536 6,162 31.5%

Episodes 37,397 24,166 13,231 54.7%

Revenue per episode $2,832 $2,613 $219 8.4%

Visits per episode 18.7 17.5 1.1 6.5%

ALMOST FAMILY, INC. AND SUBSIDIARIES

PERSONAL CARE SEGMENT OPERATING METRICS

Nine months ended September 30,

2008 2007 Change

Amount Amount Amount %

Average number of locations 23 23 - -

Admissions 2,801 2,775 26 0.9%

Patient Days of Care 416,670 392,315 24,355 6.2%

Billable Hours 1,645,112 1,523,883 121,229 8.0%

Revenue per billable hours $17.70 $17.63 $0.07 0.4%

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 enterprise 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

RECONCILIATION OF EBITDA: Three months ended September 30,

2008 2007

Net income from continuing operations $4,723,772 $1,955,711

Add back:

Interest expense 355,077 153,480

Income taxes 2,729,479 1,261,360

Depreciation and amortization 509,545 196,812

Amortization of stock-based compensation 194,130 130,497

Earnings before interest, income taxes,

depreciation and amortization (EBITDA)

from continuing operation $8,512,002 $3,697,860

ALMOST FAMILY, INC. AND SUBSIDIARIES

RECONCILIATION OF EBITDA

RECONCILIATION OF EBITDA: Nine months ended September 30,

2008 2007

Net income from continuing operations $11,197,914 $5,744,473

Add back:

Interest expense 733,833 650,408

Income taxes 6,996,271 3,711,412

Depreciation and amortization 1,151,895 625,700

Amortization of stock-based compensation 527,462 332,868

Earnings before interest, income taxes,

depreciation and amortization (EBITDA)

from continuing operations $20,607,374 $11,064,861

About Almost Family

Almost Family, Inc., founded in 1976, is a leading regional provider of home health nursing services, with branch locations in Florida, Kentucky, Connecticut, New Jersey, Ohio, Massachusetts, Alabama, Missouri, Illinois, Pennsylvania, and Indiana (in order of revenue significance). Almost Family, Inc. and its subsidiaries operate a Medicare-certified segment and a personal care segment. Altogether, Almost Family operates over 90 branch locations in 11 U.S. states.

Forward Looking Statements

All statements, other than statements of historical facts, included in this news release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of forward-looking terminology such as "may," "will," "expect," "believe," "estimate," "project," "anticipate," "continue," or similar terms, variations of those terms or the negative of those terms. These forward-looking statements are based on the Company's current plans, expectations and projections about future events.

Because forward-looking statements involve risks and uncertainties, the Company's actual results could differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. The potential risks and uncertainties which could cause actual results to differ materially include: regulatory approvals or third party consents may not be obtained, the impact of further changes in healthcare reimbursement systems, including the ultimate outcome of potential changes to Medicare reimbursement for home health services and to Medicaid reimbursement due to state budget shortfalls; the ability of the Company to maintain its level of operating performance and achieve its cost control objectives; changes in our relationships with referral sources; the ability of the Company to integrate acquired operations; government regulation; health care reform; pricing pressures from Medicare, Medicaid and other third-party payers; changes in laws and interpretations of laws relating to the healthcare industry; the Company's self-insurance risks, and significant deterioration in economic conditions and significant market volatility. For a more complete discussion regarding these and other factors which could affect the Company's financial performance, refer to the Company's various filings with the Securities and Exchange Commission, including its filing on Form 10-K for the year ended December 31, 2007, in particular information under the headings "Special Caution Regarding Forward-Looking Statements" and "Risk Factors." The Company undertakes no obligation to update or revise its forward-looking statements.


'/>"/>
SOURCE Almost Family, Inc.
Copyright©2008 PR Newswire.
All rights reserved


Related medicine news :

1. Almost a Third of U.S. Kids Use Supplements
2. Almost Family Named One of Ten Best Newcomers to Forbes Magazine 200 Best Small Companies
3. Almost 90 percent of children reported experiencing sexual violence
4. Doctors Applaud SCHIP Veto: Bill Supports Special Interests, Not Kids; Almost Half of Funds Go to Doctors & Seniors
5. Almost 2 Million U.S. Vets Lack Health Insurance
6. Almost 1 in 5 Americans Going Without Health Care
7. Almost Family Announces Expansion of Revolving Credit Facility
8. Cancer Killed Almost 8 Million Worldwide in 2007
9. Almost Half of Doctors Have Prescribed Placebos
10. Almost Half of 10-Year-Olds Have Tasted Alcohol
11. Using the safety belt in the rear seats of the car reduces death risk by almost a half
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/26/2016)... ... June 27, 2016 , ... Quality metrics are proliferating in cancer care, ... remain in the eye of the beholder, according to experts who offered insights and ... Journal of Managed Care. For the full issue, click here . , For ...
(Date:6/26/2016)... , ... June 26, 2016 , ... Pixel Film Studios ... X. , "Film editors can give their videos a whole new perspective by using ... - CEO of Pixel Film Studios. , ProSlice Levels contains over 30 Different ...
(Date:6/26/2016)... NC (PRWEB) , ... June 26, 2016 , ... Brent Kasmer, a legally blind and ... to be personalized through a fitness app. The fitness app plans to fix the two ... currently only offer a one size fits all type program , They don’t ...
(Date:6/25/2016)... ... June 25, 2016 , ... Experts ... applications at AcademyHealth’s Annual Research Meeting June 26-28, 2016, at the Hynes Convention ... health care topics including advance care planning, healthcare costs and patient and family ...
(Date:6/25/2016)... Miami, FL (PRWEB) , ... June 25, 2016 , ... The temporary closing of Bruton ... Plant City Observer , brings up a new, often overlooked aspect of head lice: ... The closing for fumigation is not a common occurrence, but a necessary one in the ...
Breaking Medicine News(10 mins):
(Date:6/26/2016)... June 27, 2016  VMS Rehab Systems, Inc. ( ... take whatever measures required to build a strong and ... is currently listed on the OTC Markets-pink current trading ... and CEO, "We are seeing an anomaly in market ... not only by the Company, but shareholders and market ...
(Date:6/24/2016)... 2016  Consumers have taken a more active ... more emphasis on patient outcomes. ... the pharmaceutical industry have evolved beyond just providing ... are focusing on becoming more patient-oriented across their ... services that improve health. ...
(Date:6/24/2016)... June 24, 2016  Global Blood Therapeutics, Inc. (GBT) ... developing novel therapeutics for the treatment of grievous ... the closing of its previously announced underwritten public ... the public offering price of $18.75 per share. ... offered by GBT. GBT estimates net proceeds from ...
Breaking Medicine Technology: