Almost Family (AFAM) Misses Q3 EPS by 1c; Acquires Black Stone Operations
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Almost Family Reports Third Quarter 2015 Results
November 4, 2015 9:15 AM ESTLOUISVILLE, Ky., Nov. 4, 2015 (GLOBE NEWSWIRE) -- Almost Family, Inc. (Nasdaq: AFAM), a leading regional provider of home health nursing and personal care services, announced today its financial results for the period from July 4, 2015 to October 2, 2015.
Third Quarter Highlights:
Record Net service revenues of approximately $131.2 million Net income attributable to Almost Family, Inc. of $7.8 million, $0.79 per diluted share versus $0.40 in the third quarter of 2014, primarily due to one-time settlement of legal and other matters Adjusted earnings from home health operations (1) of $5.1 million, $0.51 per diluted share versus $0.49 in the third quarter... MoreAlmost Family, Inc. Acquires Home Care by Black Stone
November 4, 2015 9:15 AM ESTLOUISVILLE, Ky., Nov. 4, 2015 (GLOBE NEWSWIRE) -- Almost Family, Inc. (Nasdaq: AFAM), a leading provider of home health nursing services, today announced that it has acquired the stock of Black Stone Operations, LLC (Black Stone) effective today. Black Stone, a provider of in-home personal care and skilled home health services has 2015 revenues approaching $50 million through service locations in the western half of Ohio and operates under the name "Home Care by Black Stone".
Strategic Rationale for the Transaction
Provides additional scale with approximately $50 million revenue run-rate of... MoreAlmost Family Reports Third Quarter 2015 Results
November 4, 2015 9:15 AM ESTLOUISVILLE, Ky., Nov. 4, 2015 (GLOBE NEWSWIRE) -- Almost Family, Inc. (Nasdaq: AFAM), a leading regional provider of home health nursing and personal care services, announced today its financial results for the period from July 4, 2015 to October 2, 2015.
Third Quarter Highlights:
Record Net service revenues of approximately $131.2 million Net income attributable to Almost Family, Inc. of $7.8 million, $0.79 per diluted share versus $0.40 in the third quarter of 2014, primarily due to one-time settlement of legal and other matters Adjusted earnings from home health operations (1) of $5.1 million, $0.51 per diluted share versus $0.49 in the third quarter... MoreAlmost Family, Inc. Acquires Home Care by Black Stone
November 4, 2015 9:15 AM ESTLOUISVILLE, Ky., Nov. 4, 2015 (GLOBE NEWSWIRE) -- Almost Family, Inc. (Nasdaq: AFAM), a leading provider of home health nursing services, today announced that it has acquired the stock of Black Stone Operations, LLC (Black Stone) effective today. Black Stone, a provider of in-home personal care and skilled home health services has 2015 revenues approaching $50 million through service locations in the western half of Ohio and operates under the name "Home Care by Black Stone".
Strategic Rationale for the Transaction
Provides additional scale with approximately $50 million revenue run-rate of... More