Almost Family Comments on Recent Developments Including Hurricane Impact
ALMOST FAMILY (AFAM)
Last almost family earnings: 11/7 05:21 pm
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US:NASDAQ Investor Relations:
investor.lhcgroup.com/investor-relations
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Source: GlobeNewswire
LOUISVILLE, Ky., Oct. 09, 2017 (GLOBE NEWSWIRE) -- Almost Family, Inc. (Nasdaq:AFAM), a leading provider of home health nursing services, today updated investors on the following recent events: Hurricanes Irma and Harvey which impacted third quarter 2017 business primarily in the states of Florida, Georgia and Texas. These three states provided nearly one-fourth of our revenues in the first half of 2017Nearing completion of the new HomeCare HomeBase system implementation in home health operationsThe Company’s estimated share of success fees from participation in upside-risk with Medicare Shared Savings Program Accountable Care Organizations (ACO’s) for 2016 contract yearCommitment of financial assistance of $100,000 to the American Red Cross Disaster Relief fund for affected areas Impact of Hurricanes on Results of OperationsDue to the large breadth and scope Hurricane Irma, all of the Company’s 66 Florida operating locations, including 2 in Key West, experienced a substantial pe
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