LOUISVILLE, Ky., Oct. 12 /PRNewswire-FirstCall/ -- Almost Family, Inc. 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.
