EX-99
4
mederiacquisitioncompletion.txt
PRESS RELEASE
Exhibit 99.1
FOR IMMEDIATE RELEASE December 4, 2006
Almost Family Completes Previously Announced
Acquisition of Mederi Inc.'s Home Health Agencies
Louisville, KY - Almost Family, Inc. (NASDAQ:AFAM) today announced that it has
completed its previously announced acquisition of the assets and business
operations of all the Medicare-certified home health agencies owned and operated
by Mederi, Inc., one of Florida's oldest and best-known home health care
organizations.
William B. Yarmuth, Chairman and CEO, commented on the announcement: "As we
stated previously, the addition of the Mederi operations with locations in
Florida, Missouri and Illinois, is a very important step in the execution of our
business plan. On a combined basis following integration of the transaction we
expect to be operating in 73 branch locations in 9 states with over $100 million
in revenue".
"Mederi has long been recognized as one of the premier home health agencies in
its service areas. This is direct result of the quality and hard work of the
agencies' managers and employees. We will work together with them to continue
that tradition and build upon it. We are very pleased to welcome all of them to
our team. "
About Almost Family
Almost Family, Inc., founded in 1976, is a leading regional provider of home
health nursing services, with branch locations in Florida, Kentucky, Ohio,
Connecticut, Massachusetts, Missouri, Alabama, Illinois and Indiana (in order of
revenue significance). Almost Family, Inc. and its subsidiaries operate a
Medicare-certified division under the Caretenders trade name and a personal care
division under the Almost Family name.
Contact: William Yarmuth or Steve Guenthner (502) 891-1000.
All statements, other than statements of historical facts, included in this news
release, including the objectives and expectations of management for future
operating results, the Company's ability to accelerate growth in its home health
operations, the Company's ability to achieve expected cost savings net of
incremental overhead post-acquisition, the ultimate outcome of the Company's
allocation of purchase price to amortizable intangible assets, the Company's
ability to generate positive cash flows, and the Company's expectations with
regard to market conditions, are forward-looking statements. These
forward-looking statements are based on the Company's current expectations.
Although the Company believes that the expectations expressed or implied in such
forward-looking statements are reasonable, there can be no assurance that such
expectations will prove to be correct.
Because forward-looking statements involve risks and uncertainties, the
Company's actual results could differ materially. 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 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 Securities and Exchange Commission filing on Form 10-K for the
year ended December 31, 2005, in particular information under the headings
"Special Caution Regarding Forward-Looking Statements" and "Risk Factors." The
Company disclaims any intent or obligation to update its forward-looking
statements.

EX - 99 4 mederiacquisitioncompletion . txt PRESS RELEASE Exhibit 99 . 1 FOR IMMEDIATE RELEASE December 4 , 2006 Almost Family Completes Previously Announced Acquisition of Mederi Inc . 's Home Health Agencies Louisville , KY - Almost Family , Inc . ( NASDAQ : AFAM ) today announced that it has completed its previously announced acquisition of the assets and business operations of all the Medicare - certified home health agencies owned and operated by Mederi , Inc . , one of Florida 's oldest and best - known home health care organizations . William B . Yarmuth , Chairman and CEO , commented on the announcement : " As we stated previously , the addition of the Mederi operations with locations in Florida , Missouri and Illinois , is a very important step in the execution of our business plan . On a combined basis following integration of the transaction we expect to be operating in 73 branch locations in 9 states with over $ 100 million in revenue " . " Mederi has long been recognized as one of the premier home health agencies in its service areas . This is direct result of the quality and hard work of the agencies ' managers and employees . We will work together with them to continue that tradition and build upon it . We are very pleased to welcome all of them to our team . " About Almost Family Almost Family , Inc . , founded in 1976 , is a leading regional provider of home health nursing services , with branch locations in Florida , Kentucky , Ohio , Connecticut , Massachusetts , Missouri , Alabama , Illinois and Indiana ( in order of revenue significance ) . Almost Family , Inc . and its subsidiaries operate a Medicare - certified division under the Caretenders trade name and a personal care division under the Almost Family name . Contact : William Yarmuth or Steve Guenthner ( 502 ) 891 - 1000 . All statements , other than statements of historical facts , included in this news release , including the objectives and expectations of management for future operating results , the Company 's ability to accelerate growth in its home health operations , the Company 's ability to achieve expected cost savings net of incremental overhead post - acquisition , the ultimate outcome of the Company 's allocation of purchase price to amortizable intangible assets , the Company 's ability to generate positive cash flows , and the Company 's expectations with regard to market conditions , are forward - looking statements . These forward - looking statements are based on the Company 's current expectations . Although the Company believes that the expectations expressed or implied in such forward - looking statements are reasonable , there can be no assurance that such expectations will prove to be correct . Because forward - looking statements involve risks and uncertainties , the Company 's actual results could differ materially . 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 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 Securities and Exchange Commission filing on Form 10 - K for the year ended December 31 , 2005 , in particular information under the headings " Special Caution Regarding Forward - Looking Statements " and " Risk Factors . " The Company disclaims any intent or obligation to update its forward - looking statements .
O O O O O O O O O O O O O O O O O O O O B-Parties.BUYING_COMPANY I-Parties.BUYING_COMPANY O O O O O B-Parties.SELLING_COMPANY O O O O O O O O O O B-Parties.BUYING_COMPANY I-Parties.BUYING_COMPANY O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O B-Parties.SELLING_COMPANY O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O