Southern Home Medical Inc (SHOM)

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Southern Home Medical, Inc Announces Buyback of Franchisee Markets August 20, 2014 9:30 AM
LYMAN, SC / ACCESSWIRE / August 20, 2014 / Southern Home Medical, Inc. (OTC Pink: SHOM) (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.

http://finance.yahoo.com/news/southern-home-medical-inc-announces-133000450.html