LOUISVILLE, Ky., Jan. 16 /PRNewswire-FirstCall/ -- Almost Family, Inc. AFAM today announced the acquisition of the assets and business operations of BayCare HomeCare's home health agency located in Jacksonville, Florida.

William B. Yarmuth, Chairman and CEO, commented on the announcement: "The addition of Jacksonville to our Florida foot print gives us the ability to service patients on the east coast of Florida from the Georgia border all the way through the southern border of Broward County. We are extremely pleased to have the opportunity to build upon the strong commitment to patients and referral sources and the foundation of high quality care provided by the staff and caregivers of this fine agency." Yarmuth concluded: "As with all our acquisitions, we are very pleased to welcome the long-serving Jacksonville employees of the agency to our organization."

Almost Family noted that this is its ninth home health agency acquisition since 2004 and that it will continue to seek attractive home health agency acquisition candidates. The acquired agency operations generated approximately $2.5 million in revenue in 2006. Terms of the transaction were not disclosed.

Almost Family, Inc. is a leading regional provider of home health services. The Company has 74 service locations in Florida, Kentucky, Ohio, Connecticut, Massachusetts, Alabama, Missouri, Illinois and Indiana.

All statements, other than statements of historical facts, included in this news release, including the objectives and expectations of management for future operating results, the Company's ability to accelerate growth in its home health operations, the Company's ability to generate VN revenue growth, the Company's ability to acquire visiting nurse agencies at prices it is willing to pay, the Company's ability to increase the efficiency and effectiveness of its sales and marketing efforts, the Company's ability to attract investment of additional capital, the Company's ability to generate positive cash flows, and the Company's expectations with regard to market conditions, are forward-looking statements. These forward-looking statements are based on the Company's current expectations. Although the Company believes that the expectations expressed or implied in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct.

Because forward-looking statements involve risks and uncertainties, the Company's actual results could differ materially. The potential risks and uncertainties which could cause actual results to differ materially could include: regulatory approvals or third party consents may not be obtained, the impact of further changes in healthcare reimbursement systems, including the ultimate outcome of potential changes to Medicaid reimbursement due to state budget shortfalls; the ability of the Company to maintain its level of operating performance and achieve its cost control objectives; government regulation; health care reform; pricing pressures from Medicare, Medicaid and other third-party payers; changes in laws and interpretations of laws relating to the healthcare industry, and the Company's self-insurance risks. For a more complete discussion regarding these and other factors which could affect the Company's financial performance, refer to the Company's Securities and Exchange Commission filing on Form 10-K for the year ended December 31, 2005, in particular information under the headings "Special Caution Regarding Forward-Looking Statements" and "Risk Factors." The Company disclaims any intent or obligation to update its forward-looking statements.

Source: Almost Family, Inc.