Key Developments: Almost Family Inc (AFAM.OQ)
6 Dec 2013
Latest Key Developments (Source: Significant Developments)
Almost Family Inc announced that it has signed a definitive agreement to acquire the stock of SunCrest HealthCare. SunCrest, a provider of skilled home health and personal care services generated over $150 million in revenue in 2012 and operates over 75 branch locations in nine states. With this acquisition, Almost Family will operate over 240 branches across 14 states and its annual net revenue run rate is expected to approach the $500 million mark. The total purchase price for the stock is $75.5 million, subject to a working capital adjustment. The transaction will be funded primarily from Almost Family's existing cash and borrowings from its senior secured revolving credit facility. Full Article
Almost Family Inc announced that the Board of Directors has declared a special cash dividend of $2.00 per common share to shareholders of record on December 20, 2012 and payable on December 28, 2012. Full Article
Almost Family, Inc announced that the Board of Directors has promoted Steve Guenthner to President and Principal Financial Officer, from Senior Vice President and Chief Financial Officer, a position he has held since 1992. The Company also announced that Jeff Reibel has been promoted to Vice President and Chief Accounting Officer, from Vice President of Finance. Full Article
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