Southern Home Medical Reports Financial and Operational Improvements
May 26 2011 - 10:54AM
Marketwired
Southern Home Medical Equipment, Inc. (PINKSHEETS: SHOM), a holding
company providing healthcare services, staffing and durable medical
equipment to medical institutions, announced today that
year-to-date 2011, the Company has accomplished a number of
financial and operational improvements that can propel its
corporate growth throughout 2011.
For the month of April 2011, consolidated corporate revenues
grew 46% and net income was up 176% year-over-year. SHOM reiterated
its previously announced guidance calling for total corporate
revenues of $1.3 Million in 2011. Additionally, the Company
highlighted a number of operational program investments initiated
to-date, which include:
- Preparing the Company to become a fully reporting entity in the
second half of 2011;
- Initial certifications and deployments of the innovative
Respi-care respiratory therapy program in selected markets;
- Launched new websites for Southern Home Medical and its
respiratory division, APNEA Rx, both of which are designed to
enhance business operations and the companies' market
presence;
- Development and roll-out of Backstage Solutions, the Company's
Web-based healthcare operations platform, to all Southern Home
locations;
- Added concern reporting, compliance management and resolution
Web-based solutions to Backstage Solutions;
- Signed letter of intent to merge with a network of medical
clinics based in the Washington, DC area.
"After two years of focusing on solidifying all the parts of the
Company's operations, our teams have now turned their skills and
energy toward putting our programs into action. As a result, we
continue to report improved operating efficiencies and revenue
growth, as evidenced by our strong profitable results for April,"
stated President and CEO of Southern Home Medical, Jeff Sarvis.
"While we are pleased to have entered this phase of our evolution,
we are keenly aware that achieving our goals and opportunities
demands additional resources and attention. The achievements
to-date in 2011 have positioned us well to meet our objectives for
the remainder of the year."
Teleconference Southern Home Medical will
host a conference call today, Thursday, May 26, 2011 at 4:15 pm
Eastern Time, to discuss these operational improvements in greater
detail. All shareholders, potential investors and interested
parties are invited to attend. To participate on the call, please
dial 1-719-955-1371 or 1-888-450-5996 (toll-free) and enter code
220185 approximately 5 to 10 minutes prior to the start of the
call. Discussion by management will be followed by a Q&A
session to address questions submitted by attendees prior to the
start of the call via email to info@southernhomemedical.com. A
replay of the call will be available the following day on the
Company's website at www.southernhomemedical.com.
About Southern Home Medical Equipment,
Inc. Southern Home Medical Equipment, Inc. is a holding
company with a focus on servicing the needs of the U.S. healthcare
industry. The Company has quality health care professionals to
address national shortages in hospitals, rehab centers, nursing
homes and other medical facilities. Personnel are available
24/7/365 and include: RN's, LPN's, CNA's, RT's, billing
specialists, customer service specialists, delivery techs and
marketing reps. The Company has contractual agreements with partner
businesses located in Charleston, Columbia, Greenville, Florence
and Lake Hartwell, of South Carolina; Nashville, Tennessee;
Baltimore, Maryland; Dunwoody, Georgia; and Philadelphia,
Pennsylvania. Southern Home Medical is leveraging the success of
these business models to expand sales opportunities in these areas
of health, medical, staffing and durable medical equipment needs.
For more information, visit www.southernhomemedical.com.
The statements in the press release that relate to the Company's
expectations with regard to the future impact on the Company's
results from acquisitions or actions in development are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. The statements in this
document may also contain "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. When used in this press
release, the words "anticipate," "believe," "estimate," "may,"
"intend," "expect" and similar expressions identify such
forward-looking statements. Forward-looking statements are subject
to risks, uncertainties, and other factors that could cause actual
results to differ materially from those contained in such
statements. Such risks, uncertainties, and factors include, but are
not limited to, future capital needs, changes, and delays in
product development plans and schedules, or market acceptance.
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Contact: Henry Harrison IR Pro 2.0 407-682-2001 www.irprpro.com
www.healthcarestock.net
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