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Almost Family Announces Special Dividend

^{Published on 2012-12-10 14:15:50 - Market Wire}
 

Almost Family Announces Special Dividend -- LOUISVILLE, Ky., Dec. 10, 2012 /PRNewswire/ --

LOUISVILLE, Ky., Dec. 10, 2012 /PRNewswire/ -- Almost Family, Inc. (NASDAQ: [ AFAM ]) announced today that the Board of Directors has declared a special cash dividend of $2.00 per common share to shareholders of record on December 20, 2012 and payable on December 28, 2012.

William B. Yarmuth, chairman and chief executive officer of Almost Family commented on this action.  "After due deliberation, it is the view of our Board of Directors that it is appropriate at this time to return to our shareholders a small portion of our available capital.  We continue to believe strongly in the future of home health care and the critical role it will play in helping our nation control the rate of growth in health care spending.  Our strong balance sheet and favorable credit relationships allow us to provide shareholders with this dividend, while also preserving the financial and operational flexibility to continue to grow our business both organically and through acquisitions as opportunities present themselves."

About Almost Family

Almost Family, Inc., founded in 1976, is a leading regional provider of home health nursing and personal care services in Florida, Ohio, Kentucky, Connecticut, New Jersey, Massachusetts, Missouri, Alabama, 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 160 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 including obtaining synergies, integration objectives and anticipated timelines; 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, 2011, 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.