LOUISVILLE, Ky., Oct. 14 /PRNewswire-FirstCall/ -- Almost Family, Inc.
(Nasdaq: AFAM), a leading regional provider of home health nursing
services, today announced that it has been ranked No. 24 in Forbes' 2008
listing of the 200 Best Small Companies in America, rising from its No. 77
ranking in 2007.
William B. Yarmuth, President and CEO of Almost Family, Inc., noted,
"We're very proud to once again be recognized in this prestigious listing
of best small companies. More importantly, we're thrilled to have moved so
far up the list in only one year, reflecting the continued commitment and
dedication of our employees and the execution of our growth strategy."
To qualify for the '200 Best Small Companies' list, companies had to
have shown a consistent pattern of positive growth over the past 12 months
and also over a five-year period. Forbes selected companies with revenues
between $5 million and $750 million, net profit margins greater than 5% and
share prices above $5 as of September 29, 2008.
About Almost Family, Inc.
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; 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, 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.
Almost Family, Inc. The Ruth Group
Steve Guenthner Stephanie Carrington/Jared Hoffman
(502) 891-1000 (investors)
(646) 536-7017 / 7013
scarrington@theruthgroup.com
jhoffman@theruthgroup.com
Jason Rando/Jeneane Smith (media)
(646) 536-7025 / 7021
jrando@theruthgroup.com
ajsmith@theruthgroup.com
SOURCE Almost Family, Inc.
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Related links:
http://www.almostfamily.com/
CONTACT:
Almost Family, Inc., Steve Guenthner,
+1-502-891-1000; or (investors), Stephanie Carrington,
+1-646-536-7017, scarrington@theruthgroup.com, or Jared Hoffman,
jhoffman@theruthgroup.com, +1-646-536-7013, or (media) Jason
Rando, +1-646-536-7025, jrando@theruthgroup.com, or Jeneane
Smith, +1-646-536-7021, ajsmith@theruthgroup.com, all of The Ruth
Group
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