LYMAN, S.C., April 27, 2011 /PRNewswire/ -- Southern Home
Medical Equipment, Inc. (PINKSHEETS: SHOM), a Holding Company
providing healthcare services, healthcare professionals and
equipment to medical institutions, announced today that the
unaudited results from operations for the first quarter of fiscal
2011 record increased revenues totaling $251,026 reflecting an $80,904 increase over the same period last year.
The results in earnings for first quarter of 2011 report a
positive net income of $9,407 as
compared to a loss of $60,130 over
the same period last year.
Southern Home Medical reports solid revenue increases in both
the ApneaRx and Encore divisions. The Company attributes the
positive net income results in part to operating efficiencies in
both divisions and consolidation procedures incorporated by
management during the latter part of 2010 and first quarter of this
year.
The Company is proud to announce that the new offerings, such as
the Respi-Care therapy treatment program from ApneaRx, have been
well received. Additionally, Encore's franchisees enjoyed
significant increases in demand for their nursing services in the
first quarter.
"I am pleased with these results from several perspectives,"
stated Jeff Sarvis, President and
CEO. "The revenue growth reflects our emphasis on utilizing
our resources to provide solutions that are in high demand
throughout the market. The increase in profitability is
mostly driven from our previous efforts to streamline operations.
These results give us confidence that we are on the right
track as we seek to deepen and expand our market presence," noted
Sarvis.
About Southern Home Medical Equipment, Inc.
Southern Home Medical Equipment, Inc. is a Holding Company with
a focus on servicing the needs of the Healthcare Industry. The
Company has quality health care professionals to support hospitals,
rehab centers, nursing homes and other medical facilities providing
RNs, LPNs, CNAs, RTs, Billing Specialists, Customer Service
Specialists, Delivery Techs and Marketing Reps. With contractual
agreements with partner businesses in Charleston, Columbia, Greenville, Florence and Lake Hartwell, 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 and
equipment needs.
Forward Looking Statement
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
SOURCE Southern Home Medical Equipment, Inc.
