Almost Family Inc (AFAM) 10-K Annual Report March 2014

– Almost Family, Inc. (Nasdaq: AFAM), a leading regional provider of home health nursing and personal care services, announced today its financial results for the three months and full year ended December 31, 2013.

Fourth Quarter Highlights:

·	Record net service revenues of $96.3 million

·	Net income attributable to Almost Family, Inc. of $328,000, or $0.03 per diluted share

·	Diluted EPS from continuing operations of $0.04 including $0.26 of acquisition related expenses, excluding which diluted EPS would have been $0.30

·	Cash flows from operations of $7.6 million

·	Visiting Nurse segment net revenues were $74.7 million and Personal Care segment revenues were $21.7 million

·	Results include the acquisition of SunCrest on December 6, 2013 which added $0.05 to diluted EPS from continuing operations for both the quarter and the year.

Full Year Highlights:

·	Record net service revenues of $357.8 million

·	Net income attributable to Almost Family, Inc. was $8.2 million, or $0.88 per diluted share

·	Diluted EPS from continuing operations of $0.91 including $0.32 of acquisition related expenses, excluding which diluted EPS would have been $1.23

·	Cash flows from operations of $19.8 million

·	Visiting Nurse segment net revenues were $275.8 million

·	Personal Care segment net revenues grew to $82.0 million.

Comments on 2013 Results

William Yarmuth, Chief Executive Officer, commented on the year: “We are pleased with where the Company is positioned for the future after another difficult year for the industry on the reimbursement and regulatory front. Although the recent rebasing rule creates ongoing challenges over the next few years, we remain confident that home health care is key to an effective health care delivery system over the long term. We are equally confident that the

The following information was filed by Almost Family Inc (AFAM) on Tuesday, March 11, 2014 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-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Material Contracts, Statements, Certifications & more

Almost Family Inc provided additional information to their SEC Filing as exhibits

Exhibit 21: Subsidaries Of The Registrant

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Exhibit 32.2: Section 1350 Certification

Ticker: AFAM
CIK: 799231
Form Type: 10-K Annual Report
Accession Number: 0001104659-14-019646
Submitted to the SEC: Fri Mar 14 2014 12:04:50 PM EST
Accepted by the SEC: Fri Mar 14 2014
Period: Tuesday, December 31, 2013
Industry: Social Services