Almost Family Reports Third Quarter 20...(h rate plus $26.3 million from acquired ...),Health

Date:11/5/2008

h 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
'/>"/>

SOURCE Almost Family, Inc. Copyright©2008 PR Newswire. All rights reserved

0 GOOD

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16
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