LOUISVILLE, Ky., Oct. 12 /PRNewswire-FirstCall/ -- Almost Family, Inc.
(Nasdaq: AFAM) has been named a "Top Newcomer" to Forbes Magazine's annual
ranking of the 200 Best Small Companies in the magazine's Oct. 29, 2007
issue.
Almost Family debuts at #77 in the annual rankings by Forbes which
tracks U.S. publicly traded companies with revenue under $750 million.
Forbes bases its list on criteria that includes sustained sales and profit
growth and average return on equity. This is the first year Almost Family
has been included in the Forbes rankings.
Included in Ten "Best Newcomers"
In a companion story published on the magazine's web-site
http://www.forbes.com, Almost Family was included in a group of "Best Newcomers"
highlighting ten selected companies included in the rankings for the first
time.
As a part of its evaluation, the magazine reported Almost Family's
"Board of Directors Score", which compares among other items board
membership, executive and director compensation, board guidelines, company
ownership and director education relative to companies in applicable stock
indexes, as being in the top 12% of comparable companies.
"It is quite an honor to be selected by Forbes Magazine to be included
in this year's listing and we're especially proud to receive the special
recognition as one of ten 'Top Newcomers'. This selection serves as a
tribute to the strength and contribution of our employees, management team,
and Board of Directors who together have helped us build this company. We
will continue the pursuit of our vision and strategic direction as we
strive to build on the successes we have achieved over the past years. I am
especially proud that in its evaluation of Almost Family, Forbes recognized
the strength of our Board of Directors," said William B. Yarmuth, Almost
Family Chairman and CEO. "I want to extend my gratitude to all 4,000 of our
hard-working, caring employees, our management team and our directors who
have all created this wonderful organization."
Almost Family, Inc.(TM) and subsidiaries (collectively "Almost Family")
is a leading regional provider of home health services. The Company has
service locations in Florida, Kentucky, Ohio, Connecticut, Massachusetts,
Missouri, Alabama, Illinois and Indiana (in order of revenue significance).
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; and the Company's self-insurance risks. 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, 2006, 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
 back to top
Related links:
http://www.almost-family.com
http://www.prnewswire.com/comp/784275.html /
CONTACT:
William Yarmuth or Steve Guenthner of Almost
Family, +1-502-891-1000
|
