Business Services Industry

National Home Health Care Corp. Acquires Certain Assets of Helping Hands Health Care

Business Wire, April 12, 2005

SCARSDALE, N.Y. -- National Home Health Care Corp. (NASDAQ National Market: NHHC) announced that through a wholly-owned subsidiary in New Jersey, it has agreed to acquire certain assets from Helping Hands Health Care ("Helping Hands"), a subsidiary of New York Health Care, Inc. (NASD OTC Electronic Bulletin Board: BBAL). Closing of the transaction is expected to occur within 45 days. Helping Hands is a licensed home health care company in New Jersey. Revenue for the last twelve months for Helping Hands was approximately $6,700,000. The acquisition will complement the Company's existing operations in New Jersey and will expand its market share to include Ocean County and Somerset County, New Jersey.

This press release contains forward-looking statements that involve a number of risks and uncertainties. Forward-looking statements may be identified by the use of forward-looking terminology such as "may", "will", "expect", "believe", "estimate", "project", "anticipate", "continue", or similar terms, variations of those terms or the negative of those terms. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are set forth in the Company's filings with the Securities and Exchange Commission ("SEC"), including the Company's Annual Report on Form 10-K, the Company's Quarterly Reports on Forms 10-Q, and other filings and releases. These include but are not limited to risks and uncertainties relating to whether the Company can identify, consummate and integrate on favorable terms, acquisitions or market penetrations; market acceptance; pricing and demand for the Company's services; changing regulatory environment; changing economic conditions; whether the Company can attract and retain qualified personnel; ability to manage the Company's growth; and other risks detailed in the Company's filings with the SEC.

COPYRIGHT 2005 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning

 

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