Southern Home Medical Forecasts Corporate Revenues of $1.3 Million by Year End 2011
May 17 2011 - 9:20AM
Marketwired
Southern Home Medical Equipment, Inc. (PINKSHEETS: SHOM), a holding
company providing healthcare services, staffing and equipment to
medical institutions, announced today that based on strong organic
growth and Encore franchisees revenue reports, the Company expects
to generate $1.3 Million in corporate revenues for the year ending
December 31, 2011.
Southern Home Medical has spent the past two years creating a
solid financial base and improving its operational fundamentals.
The Company is leveraging its position by offering specialized
healthcare services to help our franchisees grow their existing
businesses. Southern Home is now preparing to expand into new
markets geographically and offer additional, highly competitive
service programs that can attract a more diverse client base.
The Company recently announced the launch of Respi-Care and
Backstage Solutions, programs that are designed to accelerate its
franchisees' sales momentum, while controlling costs. The Company's
Apnea Rx division is addressing under-served markets, like sleep
apnea and chronic respiratory disease, by increasing patient access
to life-saving testing and breathing equipment.
Encore franchisees are reporting record growth due in part to
the acceptance of these specialized programs. Based on this
measurable growth, Southern Home Medical forecasts approximately
$1.3 million in corporate gross revenues in fiscal year 2011.
"Our franchisees are equipped to address the long-term needs of
the nation's healthcare industry," stated Jeff Sarvis, CEO of
Southern Home Medical. "Encore Medical has experienced profitable
growth by filling the void left by medical staffing shortages."
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
support hospitals, rehab centers, nursing homes and other medical
facilities providing 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 with health,
medical, staffing and 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.
Contact: Henry Harrison IR Pro 2.0 407-682-2001 Email Contact
www.irprpro.com www.healthcarestock.net
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