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Slide #40. Almost Family, Inc. — SunCrest HealthCare
Almost Family, Inc. (AFAM)
Almost Family, Inc. (Nasdaq: AFAM), a leading provider of home health nursing services, today announced that it has signed a definitive agreement to acquire the stock of SunCrest HealthCare. SunCrest, a provider of skilled home health and personal care services generated over $150 million in revenue in 2012 and currently operates over 75 branch locations in nine states. With this acquisition, Almost Family will operate over 240 branches across 14 states and its annual net revenue run rate is expected to approach the $500 million mark.
Almost Family is a provider of home healthcare services. Co. has two divisions, Home Health and Healthcare Innovations. The Home Health division is comprised of two segments, Visiting Nurse Services, which provides a range of Medicare-certified home health nursing services to patients in need of recuperative care; and Personal Care Services, which provides services in patients' homes primarily on an as-needed, hourly basis. The Healthcare Innovations segment includes Co.'s developmental activity outside of the home health business platform. As of Dec 30 2016, Co. operated over 340 locations across 26 states.
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Hold (2.40 out of 4)
(ranked higher than approx. 100% of all stocks covered)
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