Exhibit 99.1
(American Homepatient Logo)
(News Release)
     
   
             
Contact:
  Joseph F. Furlong   or   Stephen L. Clanton
 
  President and CEO       Executive VP & CFO
 
  (615) 221-8884       (615) 221-8884
 
          Primary Contact
          For Immediate Release
AMERICAN HOMEPATIENT REPORTS FINANCIAL RESULTS FOR
THE FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2008
 
BRENTWOOD, Tenn. (March 5, 2009) — American HomePatient, Inc. (OTCBB: AHOM), one of the nation’s largest home health care providers, today announced its financial results for the fourth quarter and year ended December 31, 2008.
Revenues for the fourth quarter of 2008 were $67.8 million compared to $71.5 million for the fourth quarter of 2007, representing a decrease of $3.7 million, or 5.2%. Revenues for the year ended December 31, 2008 were $266.9 million compared to $293.0 million for the same period in 2007, representing a decrease of $26.1 million, or 8.9%. The revenue decreases for the fourth quarter and year were primarily attributable to a change in inhalation drug product mix and the Company’s de-emphasis of less profitable product lines such as non-respiratory durable medical equipment and infusion therapy.
Operating expenses declined in the fourth quarter of 2008 compared to the fourth quarter of 2007 by approximately $3.1 million, or 8.6%. Operating expenses for the year ended December 31, 2008 compared to the same period in 2007 declined by $7.1 million, or 5.1%. The decreases in operating expenses for the fourth quarter and year were primarily the result of improved operating efficiencies associated with the Company’s branches and billing centers, resulting in reduced operating costs. Areas of focus have included centralization of certain customer service functions, consolidation of branches and branch functions, improved routing and delivery systems, and more effective utilization of leased space.

 


The following information was filed by American Homepatient Inc on Friday, March 6, 2009 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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