Southern Home Medical Reports Record Oxygen Usage in APNEA Rx Division in the Second Quarter
June 28 2011 - 8:20AM
Marketwired
Southern Home Medical Equipment, Inc. (PINKSHEETS: SHOM), a holding
company providing healthcare services, staffing and durable medical
equipment to medical institutions, announced today expansion in its
APNEA Rx durable medical equipment division.
Over the last quarter ending June 30th, APNEA Rx has achieved
record oxygen usage among partner facilities principally driven by
the expansion of programs within several existing clients. In
addition, multiple new facilities were contracted, many of which
began service in June and will continue into July of 2011. Adoption
of the APNEA Rx brand has also been aided by the popularity of
Respi-Care respiratory therapy program. Respi-Care provides
specialized treatment for the millions of those suffering from
sleep apnea, bronchodilator therapy, tracheostomy care and other
respiratory illnesses.
"The new business growth within APNEA Rx is the result of the
hard work of our staff and the integration of programs like
Respi-Care across our affiliated holdings," said Jeff Sarvis,
president and CEO of Southern Home. "We anticipate APNEA Rx to
sustain its organic growth through both increased market
penetration and the adoption of broader service offerings that
enable us to reach new patient populations. APNEA Rx confirms that
the synergies between our businesses are being successfully
deployed in the marketplace."
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: RNs, LPNs, CNAs, RTs, 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 Email Contact
www.irprpro.com www.healthcarestock.net
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