End of days for American Homepatient

[Anonymous]

finally!! it's about time this company went under

[Anonymous]

Who cares ya fucking faggot.

[Anonymous]

Who cares ya fucking faggot.

Obviously sent from a disgruntled AHP employee! Don't worry, your company has nine lives and will continue to rape and plunder the communities where they work, all with the approval of our judicial and banking systems. With that said, its probably not going to be much fun at work since AHP will be under the microscope 24/7. Until new blood is brought in, AHP will continue down this path of financial self-destruction and lost referrals.

Best of luck.......

[Anonymous]

finally!! it's about time this company went under

Where on earth did you get your info from? You obvisoulsy do not research things before making comments. What makes you think this company "went down"? I would love some detail behind your statement. And where it came from.

[Anonymous]

Where on earth did you get your info from? You obvisoulsy do not research things before making comments. What makes you think this company "went down"? I would love some detail behind your statement. And where it came from.

While this company did not go under, it certainly has gone down. All you need to do is look at the quarterly financials to see this. They have not shown growth in quite some time. Several DME's fall into this, but most seem to at least " roller coaster " from Q to Q. AHP loses each quarter and that's the sign of a weak company. They will not go under, we all know that, but it will take a miracle to get back into that mid-nineties profit range.

[Anonymous]

While this company did not go under, it certainly has gone down. All you need to do is look at the quarterly financials to see this. They have not shown growth in quite some time. Several DME's fall into this, but most seem to at least " roller coaster " from Q to Q. AHP loses each quarter and that's the sign of a weak company. They will not go under, we all know that, but it will take a miracle to get back into that mid-nineties profit range.

My apology.... I meant under not down. Yes I have kept up with the Q's for two years. Hope is all they they have.

[Anonymous]

there is not a WORSE CEO in the business than Furlong, in my opinion. He has had over ten years to fix this company, has only made it worse and he gets MILLIONS for it. The only "FIX" at this company is the board of directors keeping the CEO. In that case, the fix is in, most definitely.

[Anonymous]

3rd quarter just ended a week or 2 ago for lincare & ahp. The earnings reports should be out by the end of the month. My guess is that the lender/bank is holding out to see what ahp 3rd quarter earnings are. (ahp corporate has probably been giving them false hope that this is the quarter they are going to turn things around) When the earnings are way down as usual, that will be the final straw. Bankruptcy Ch. 7 or immediate Foreclosure. End of story. Not even lincare would buy this company.

[Anonymous]

3rd quarter just ended a week or 2 ago for lincare & ahp. The earnings reports should be out by the end of the month. My guess is that the lender/bank is holding out to see what ahp 3rd quarter earnings are. (ahp corporate has probably been giving them false hope that this is the quarter they are going to turn things around) When the earnings are way down as usual, that will be the final straw. Bankruptcy Ch. 7 or immediate Foreclosure. End of story. Not even lincare would buy this company.

Nobody really knows what is going to happen, except those in Brentwood and at HCM ( NexBank ). That is the sad truth. There is no way to pay off the debt, we all know that. Unless there is total forgiveness of the debt, who would want to take on the responsibility of this company? The bigger question remains......, Why have they been allowed to stay in business with all the red numbers year after year??? Forgiveness should only go so far!!

[Anonymous]

Nobody really knows what is going to happen, except those in Brentwood and at HCM ( NexBank ). That is the sad truth. There is no way to pay off the debt, we all know that. Unless there is total forgiveness of the debt, who would want to take on the responsibility of this company? The bigger question remains......, Why have they been allowed to stay in business with all the red numbers year after year??? Forgiveness should only go so far!!

Interesting quote: "Why have they been allowed to stay in business with all the red numbers year after year"? First both AHOM and Rotech have both had previous encounters with Chapter 11 Bankruptcy so that's one way to stick around. Second, and this is my question: With the financial track records of these two companies, how are they passing the financial "sniff test" that CMS requires to be an active participant in the Competitive Bidding fiasco that's cranked up and moving forward rapidly? Both seem to be in the extremely high risk category.

[Anonymous]

Interesting quote: "Why have they been allowed to stay in business with all the red numbers year after year"? First both AHOM and Rotech have both had previous encounters with Chapter 11 Bankruptcy so that's one way to stick around. Second, and this is my question: With the financial track records of these two companies, how are they passing the financial "sniff test" that CMS requires to be an active participant in the Competitive Bidding fiasco that's cranked up and moving forward rapidly? Both seem to be in the extremely high risk category.

You are most correct......., Bankruptcy! Gotta love the system. As for the Competitive Bidding, AHP again showed very poor judgement in allowing a branch in Miami to open while all the indicators said wait. Again, very poor thinking for a company that was, at the time, losing money faster than they were making it. Just one example of poor upper management.

[Anonymous]

i agree with the others. I think it will be a bankruptcy, but this time final. Rotech has a huge debt, but i don't think it has come due yet. American Homepatient's debt payment of 200+million was due 2 and half months ago.

[Anonymous]

check out this article, it is shameful what the ceo has done to this company

http://nashville.bizjournals.com/nashville/stories/2009/11/30/daily9.html?ana=from_rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%253A+bizj_nashville+%2528Nashvil le+Business+Journal%2529

[Anonymous]

Compensation trumps shame.

[Anonymous]

Latest News into heir Ninth and Final Forebearance Below:

American HomePatient Enters into Ninth Forbearance Agreement with Respect to Senior Debt
BRENTWOOD, Tenn., Mar 12, 2010 (BUSINESS WIRE) -- American HomePatient, Inc. /quotes/comstock/11k!ahom (AHOM 0.17, -0.02, -10.53%) , one of the nation's largest home health care providers, today announced that it has entered into an ninth forbearance agreement with NexBank, SSB, the agent for its senior debt (the "Agent"), and the holders in interest of a majority of the senior debt (the "Forbearance Holders").

Approximately $226 million was due to be repaid in full on the maturity date of August 1, 2009 pursuant to the terms of the Company's secured promissory note. The Company and its lenders continue to work toward a resolution of the debt maturity issue. Under the forbearance agreement, the lenders may not take any actions against the Company available to them as a result of the default, prior to April 16, 2010.

American HomePatient, Inc. is one of the nation's largest home health care providers with operations in 33 states. Its product and service offerings include respiratory services, infusion therapy, parenteral and enteral nutrition, and medical equipment for patients in their home. American HomePatient, Inc.'s common stock is currently traded in the over-the-counter market or, on application by broker-dealers, in the NASD's Electronic Bulletin Board under the symbol AHOM or AHOM.OB.

Certain statements made in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on management's current expectations and include known and unknown risks, uncertainties and other factors, many of which the Company is unable to predict or control, that may cause the Company's actual results or performance to materially differ from any future results or performance expressed or implied by such forward-looking statements. These statements involve risks and uncertainties, including, without limitation, risks and uncertainties regarding the satisfaction of the Company's secured debt, current and future reimbursement rates, and reimbursement reductions and the Company's ability to mitigate the impact of the reductions. These risks and uncertainties are in addition to risks, uncertainties, and other factors detailed from time to time in the Company's filings with the Securities and Exchange Commission. The Company cautions investors that any forward-looking statements made by the Company are not necessarily indicative of future performance. The Company is not responsible for updating the information contained in this press release beyond the published date, or for changes made to this document by wire services or Internet services.