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News Breaks
December 10, 2012
17:11 EDTAFAMAlmost Family announces special dividend of $2.00 per share
Almost Family announced that the board has declared a special cash dividend of $2.00 per common share to shareholders of record on December 20 and payable on December 28.
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August 31, 2015
09:45 EDTAFAMAlmost Family completes acquisition of Willcare
Almost Family announced that it has completed the previously announced acquisition of the stock of Willcare Health Care. With this acquisition, Almost Family will operate over 230 branches across 15 states and its annual net revenue run rate is expected to approach the $600M mark. The purchase price for the stock was $50.5M, and is subject to no further adjustment. The transaction was funded with borrowings on the company's senior secured revolving credit facility. Excluding certain non-profitable Connecticut operations which were discontinued during the period, the acquired operations generated total revenues of approximately $29.4M, $27.5M of which was in New York, branch contribution of $4.7M and home office costs of approximately $3.1M in the six months ended June 2015. The company expects to realize home office synergies of approximately $2M on a comparable period basis when integration activities have been completed. The company expects to incur transaction, transition and wind-down expenses of $1.5M over the balance of 2015.

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