Almost Family Announces Acquisition of Home Health Agencies from Central Florida...

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Wed May 27, 2009 9:30am EDT

Almost Family Announces Acquisition of Home Health Agencies from Central
Florida Health Alliance

LOUISVILLE, Ky., May 27 /PRNewswire-FirstCall/ -- Almost Family, Inc. (Nasdaq:
AFAM) today announced an agreement to acquire the assets of the
Medicare-certified home health agencies affiliated with Florida-based Central
Florida Health Alliance (CHFA), a two-hospital health care system with home
health branches in Leesburg and The Villages.

Company Comments on Combination
William Yarmuth, Chief Executive Officer of Almost Family, commented, "We are
thrilled to have the opportunity to work with CFHA in developing the full
potential of home health care services in its market place.  Working with
them, we will build upon the existing foundation of high quality caregivers
and the strong tradition of commitment to patients with our breadth of
specialty programs and all the expertise we have accumulated throughout our
over 100 locations and 30 plus years of Medicare home health operating
experience.  We are excited to bring Almost Family's special brand of
Medicare-certified home health services to the CFHA service area."  

Lee S. Huntley, President and Chief Executive Officer of CFHA, commented on
the combination: "We are very pleased to have Almost Family assume the
operation of our home health branches.  We have a long history of close
quality relationships between our hospitals and our home health branches and
we expect those to continue unchanged.  We are very excited about the
enhancements to our home care program that can be made by bringing Almost
Family's extensive Medicare expertise and resources to our patient population.
 We were very selective in choosing a nationally recognized home health
provider with a long track record of high quality service to patients.  In
doing so we are ensuring that our patients and our home health employees will
be in good hands."

The acquired operations generated approximately $4.5 million in revenue in
their last fiscal year.  The transaction, which is expected to close in June,
is not expected to have a material effect on the Company's 2009 results of
operations.  Terms of the transaction were not disclosed.

Central Florida Health Alliance is a not-for-profit healthcare system with a
family of hospitals and post-acute services.  Leesburg Regional Medical Center
and The Villages Regional Hospital serve Lake, Sumter, and Marion counties in
addition to the entire Central Florida region. 

Almost Family, Inc., founded in 1976, is a leading regional provider of home
health nursing services, with branch locations in Florida, Kentucky,
Connecticut, New Jersey, Ohio, Massachusetts, Alabama, Missouri, Illinois,
Pennsylvania, and Indiana (in order of revenue significance). Almost Family,
Inc. and its subsidiaries operate a Medicare-certified segment and a personal
care segment. Altogether, Almost Family operates over 100 branch locations in
11 U.S. states.


Contact: William Yarmuth or Steve Guenthner (502) 891-1000.

All statements, other than statements of historical facts, included in this
news release, including the objectives and expectations of management for
future operating results and the Company's ability to achieve its expectations
with respect to the this acquisition, are forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995. 
Forward-looking statements may be identified by the use of forward-looking
terminology such as "may," "will," "expect," "believe," estimate," "project,"
anticipate," "continue," or similar terms, variations of those terms or the
negative of those terms.  These forward-looking statements are based on the
Company's current plans, expectations and projections about future events.

Because forward-looking statements involve risks and uncertainties, the
Company's actual results could differ materially from any future results,
performance or achievements expressed or implied by such forward-looking
statements. The potential risks and uncertainties which could cause actual
results to differ materially 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
Medicare reimbursement for home health services and 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;
changes in our relationships with referral sources; the ability of the Company
to integrate acquired operations; 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 various filings with the
Securities and Exchange Commission, including its filing on Form 10-K for the
year ended December 31, 2008, in particular information under the headings
"Special Caution Regarding Forward-Looking Statements" and "Risk Factors." The
Company undertakes no obligation to update or revise its forward-looking
statements.



SOURCE  Almost Family, Inc.

William Yarmuth or Steve Guenthner, both of Almost Family, Inc.,
+1-502-891-1000
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