Boston, MA 08/07/2014 (wallstreetpr) – Almost Family Inc (NASDAQ:AFAM) reported second quarter results that proved that the company is making right acquisitions. It posted the net service revenues of #125 million. The net income came at $4.0 million. The earnings per share attributable to Almost Family came at $0.42 per diluted share. The diluted earnings per share arising from continuing operations came at $0.43. It was inclusive of the $0.08 acquisition related expenses. If the acquisition expenses are excluded, the diluted EPS stands at $0.51. It also included the imperium-related operating results that reduced the earnings per share by $0.03.
The Accretive Gains
The net revenues from visiting nurse segment rose to $99.4 million, and the revenues from personal care segment came at $25.5 million. The earnings per share got a boost from the acquired operations that added $0.19 to the earnings. The integration of SunCrest operations added $0.17 in diluted EPS and contribution from Indiana Home Care came at $0.02. The earnings per share were positively affected by the efficiency gains in the balance of the business. Medicare rate cuts reduced the diluted earnings per share by $0.05.
The Ongoing Progress
Almost Family Inc (NASDAQ:AFAM) is making good gains from the integration of various operations. The stable progress I coming from the integration of the SunCrest operations. The accretive effect is clearly visible on the financial performance of the company. The management considers its main strength coming from its employees. The focus in the coming quarters will remain on the acquisition and development opportunities. It will become the major base of company’s growth in coming times.
Almost Family Inc (NASDAQ:AFAM) will opt for controlling costs in the scenario of Medicare rebasing adjustments. It will make no compromise on the quality of care provided to patients. Stable progress is seen in Florida where Almost Family wants to capture more integration opportunities.
