Business Editors/Health & Medical Writers
SCARSDALE, N.Y.--(BUSINESS WIRE)--Dec. 14, 2000--National Home
Health Care Corp. (National Market:NHHC), a provider of home health
care services in New York, New Jersey and Connecticut, today reported
record results for the quarter ended October 31, 2000.
Revenue for the quarter ended October 31, 2000 was $17,518,000, an
increase of 85% over $9,494,000 for the quarter ended October 31,
1999. Income from operations for the quarter ended October 31, 2000
was $1,484,000, an increase of 135% over $631,000 for the quarter
ended October 31, 1999. Net income for the quarter ended October 31,
2000 was $872,000, or $.17 per share compared to a net income of
$1,091,000, or $.21 per share, for the quarter ended October 31, 1999.
The quarter ended October 31, 1999 results included a net gain on sale
of stock of equity investee of $682,000, or $.13 per share.
"We are very pleased with our first quarter results, said Steven
Fialkow, President and Chief Executive Officer of National Home Health
Care Corp. Our record revenue for the quarter is the Company's fourth
consecutive quarter of revenue growth. These record results reflect
the Company's expansion of its operations in all three markets that it
serves and the successful integration of the Company's acquisitions
over the past year."
Except for historical information contained herein, certain
matters set forth in this release are forward-looking statements that
are dependent on certain risks and uncertainties, including such
factors, among others, as market acceptance, market demand pricing,
changing regulatory environment (including in particular the impact of
recent prospective payment Medicare regulations), changing economic
conditions, risks in new product and service development, the effect
of the Company's accounting policies, risks in connection with
acquisitions, ability to retain and attract qualified personnel in a
strong labor market and other risks detailed in the Company's SEC
filings.
CONTACT:
National Home Health Care Corp.
Steven Fialkow, 914/722-9000 (President and CEO)
Robert P. Heller, 914/722-9000 (CFO)
Original article: http://www.businesswire.com/webbox/bw.121400/203492409.htm
