GREER, SC--(Marketwired - Mar 7, 2016) - Southern Home Medical, Inc. (OTC PINK: SHOM), a holding company providing healthcare services, staffing and medical equipment to medical institutions, facilities and in-home patients, has some impressive announcements this morning for its shareholders.
Jeffrey L. Sarvis, President & CEO of Southern Home Medical, stated, "These are exciting times for SHOM. In my judgment, based on discussions and activities to date, we are a month or less away from closing on what should be considered a significant merger transaction. When I say significant, I'm saying three things. One, that it will create exponential value & growth for the company. Two, it's in the best interest of our shareholders and three, there's no egos involved in what role I have, if any, in order to allow the overall business to move to the next level."
SHOM finished the year 2015 with $1,140,504 in Revenues, $60,983 in Net Income and $455,512 in Net Assets. The company finished the year with 786,509,863 common shares outstanding and has not increased that number to date. The company is fundamentally sound.
SHOM finished the year poised and financially ready to pursue sale, merger and/or acquisition opportunities and was able to quickly attract interest.
Mr. Sarvis went on to say, "After years of careful stewardship of this company, like anyone would, there are mixed emotions about the future, but this company needs to be positioned to reach its full potential. We are thankful for shareholders who have always believed in our mission and we look forward to sharing more details with each of you within the next 30 days."
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 provides quality health care professionals and medical equipment to hospitals, rehab centers, nursing homes and other medical facilities. The company currently operates either as a company or franchise business in the following locations: Columbia, SC, Greenville, SC, Charleston, SC, Florence, SC, Myrtle Beach, SC, Nashville, TN, Murfreesboro, TN and Atlanta, GA. SHOM will continue to leverage the success of these businesses in order to expand sales opportunities in other locations throughout the country with health, medical and equipment needs.