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CARETENDERS' FIRST QUARTER REVENUE UP 38 PERCENT

 LOUISVILLE, Ky., Aug. 11 /PRNewswire/ -- Caretenders HealthCorp (NASDAQ: CTND) reported record first quarter revenues of $11,124,766 for the period ending June 30, 1993. That represented a 38 percent increase over last year's first quarter revenues of $8,088,550.
 William Yarmuth, Caretenders chairman and CEO, announced that the company's adult day care operation, Almost Family, experienced a 54 percent increase during the period, while comprehensive home health grew at a rate of 35 percent.
 The company reported net income from continuing operations of $85,392, or $.01 per share, versus $1,212 for the same period last year.
 "We are pleased with the increases in our core business lines of adult day care and comprehensive home health care, and the continuing progress we are making toward greater profitability," Yarmuth said.
 Caretenders HealthCorp provides adult day care and comprehensive home health care services in Kentucky, Indiana, Alabama, Virginia, Massachusetts, Maryland and Connecticut.
 Quarter Ended Quarter Ended
 June 30, 1993 June 30, 1992
 Net Revenues
 Comprehensive Home Health $9,460,106 $7,008,646
 Adult Day Care 1,664,660 1,079,904
 11,124,766 8,088,550
 Income from Continuing Operations 85,392 1,212
 Results of Discontinued Operations --- 148,062
 Net Income (Loss) $85,392 $149,274
 Per Share $.01 $.01
 Weighted Primary Shares 16,639,044 16,454,204
 -0- 8/11/93
 /CONTACT: William Yarmuth or Steve Guenthner of Caretenders


HealthCorp, 502-425-4707/
 (CTND)


CO: Caretenders HealthCorp ST: Kentucky IN: HEA SU: ERN

CM -- CH001 -- 1599 08/11/93 10:43 EDT
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Publication:PR Newswire
Date:Aug 11, 1993
Words:256
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