SOURCE: Southern Home Medical Equipment, Inc.

May 26, 2011 11:54 ET

Southern Home Medical Reports Financial and Operational Improvements

Management to Hold Conference Call Today at 4:15 pm EDT

LYMAN, SC--(Marketwire - May 26, 2011) - Southern Home Medical Equipment, Inc. (PINKSHEETS: SHOM), a holding company providing healthcare services, staffing and durable medical equipment to medical institutions, announced today that year-to-date 2011, the Company has accomplished a number of financial and operational improvements that can propel its corporate growth throughout 2011.

For the month of April 2011, consolidated corporate revenues grew 46% and net income was up 176% year-over-year. SHOM reiterated its previously announced guidance calling for total corporate revenues of $1.3 Million in 2011. Additionally, the Company highlighted a number of operational program investments initiated to-date, which include:

  • Preparing the Company to become a fully reporting entity in the second half of 2011;
  • Initial certifications and deployments of the innovative Respi-care respiratory therapy program in selected markets;
  • Launched new websites for Southern Home Medical and its respiratory division, APNEA Rx, both of which are designed to enhance business operations and the companies' market presence;
  • Development and roll-out of Backstage Solutions, the Company's Web-based healthcare operations platform, to all Southern Home locations;
  • Added concern reporting, compliance management and resolution Web-based solutions to Backstage Solutions;
  • Signed letter of intent to merge with a network of medical clinics based in the Washington, DC area.

"After two years of focusing on solidifying all the parts of the Company's operations, our teams have now turned their skills and energy toward putting our programs into action. As a result, we continue to report improved operating efficiencies and revenue growth, as evidenced by our strong profitable results for April," stated President and CEO of Southern Home Medical, Jeff Sarvis. "While we are pleased to have entered this phase of our evolution, we are keenly aware that achieving our goals and opportunities demands additional resources and attention. The achievements to-date in 2011 have positioned us well to meet our objectives for the remainder of the year."

Teleconference
Southern Home Medical will host a conference call today, Thursday, May 26, 2011 at 4:15 pm Eastern Time, to discuss these operational improvements in greater detail. All shareholders, potential investors and interested parties are invited to attend. To participate on the call, please dial 1-719-955-1371 or 1-888-450-5996 (toll-free) and enter code 220185 approximately 5 to 10 minutes prior to the start of the call. Discussion by management will be followed by a Q&A session to address questions submitted by attendees prior to the start of the call via email to info@southernhomemedical.com. A replay of the call will be available the following day on the Company's website at www.southernhomemedical.com.

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: 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 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.

Contact Information