Southern Home Medical, Inc. (OTC Pink: SHOM) (PINKSHEETS: SHOM), is pleased to announce the Company has completed the purchase of Encore Medical Staffing franchisee markets of Florence, Columbia, and Charleston, South Carolina; Nashville and Murfreesboro, Tennessee. The buyback of these offices is a critical stage in expansion of our product mix and corporate revenues. These acquisitions will boost operations, marketing, HR compliance, revenues, cash management and budgeting.
Jeff Sarvis, President & CEO of Southern Home Medical, stated, “We are pleased with our acquisitions to date but more are close at hand. With our solid business plan moving forward, this is good news for our shareholders. This will create a more competitive business that allows us to expand our services to new clients, continue to build our culture of excellence, and strengthen our marketing efforts.”
The company completed these transactions the last day of July with cash and stock.
About Southern Home Medical, Inc.:
Southern Home Medical, 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 RN’s, LPN’s, CNA’s, RT’s, Billing Specialist, Customer Service Specialist. With contractual agreements in Columbia, Greenville, Florence, Myrtle Beach and Lake Hartwell, South Carolina; Nashville and Murfreesboro, Tennessee; Baltimore, Maryland; Atlanta, Georgia. Southern Home Medical will leverage the success of these business areas to expand sales opportunities in other 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.
Southern Home Medical, Inc.
SOURCE: Southern Home Medical, Inc.