History...
Almost Family is a nationally recognized home healthcare industry leader with a 30-year history of providing outstanding healthcare and personal care services as well as solid financial returns.
1976 Caretenders founded in Louisville, KY as personal care service company
1982 Home health division established; Medicare certification
1983 Operations expanded to Kentucky and Indiana
1991 Merged with Senior Service Corporation; NASDAQ listing;
Adult Day Care division established; operations expanded to Maryland and Connecticut; first JCAHO accreditation
1997 Operations expanded to Alabama and Ohio
1998 First Florida acquisition
2000 Company name changed to Almost Family, Inc.
2002 Acquired MedLink of Ohio in Cleveland and expanded service to include visiting nurses programs
2004 Acquired operation in Orlando, FL
2005 Acquired operations in Gainesville, Bradenton and St. Augustine, FL; sold Adult Day Care division
2006 Acquired Florida operations in Ocala, Palm Coast, Ft. Lauderdale and Delray Beach, acquired operation in Birmingham, AL
Almost Family, Inc. and its subsidiaries provide home health care services in Florida, Kentucky, Ohio, Connecticut, Massachusetts, Alabama, Indiana, Illinois, and Missouri, the United States. It operates in two segments, Visiting Nurse (VN) and Personal Care (PC). The VN segment, which operates primarily under the trade names ‘Caretenders’ and ‘Mederi-Caretenders’, provides a range of Medicare-certified home health nursing services to patients in need of recuperative care, typically following a period of hospitalization or care in another type of inpatient facility. It also offers specialty programs based on local needs, such as its Cardiocare Program, Orthopedic Program, Urology Program, Optimum Balance Program, and Telehealth Monitoring Program. The PC segment, which operates under the trade name ‘Almost Family’, provides services in patients' homes on an as-needed, hourly, or live-in basis. These services include personal care, medication management, meal preparation, caregiver respite, and homemaking. It offers these services to patients, who are admitted to skilled nursing facilities for long term custodial care. As of December 31, 2007, Almost Family operated 33 Medicare-certified home health agencies with 51 locations and 22 personal care locations. The company, formerly known as Caretenders HealthCorp., was founded in 1985. It changed its name to Almost Family, Inc. in 2000. The company is based in Louisville, Kentucky.
Analysts'
Recommendation: | Strong Buy |
| 30 Days Ago: | Strong Buy |
|
| Analysts' Target: | $26 |
| Analysts' Targets |
| Jefferies & Co. | $26 |
| Buy |
| Tuesday, February 12, 2008 |
$25.99 (06/27/08)
