ResCare Acquires Arizona Home Care.LOUISVILLE, Ky. -- ResCare, Inc. (NASDAQ/NM:RSCR RSCR Railways (Safety Case) Regulations (UK) ), the nation's leading provider of residential, training, educational and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services for people with disabilities and special needs, announced today that its subsidiary, Creative Networks, of Phoenix, Arizona Phoenix /ˈfiːˌnɪks/ (English: Phoenix, Navajo: Hoozdo, lit. "the place is hot", Western Apache: Fiinigis) is the capital and the most populous city of the U.S. , has acquired the assets and operations of EVCS EVCS Extravehicular Communications System EVCS External Voice Communication System EVCS End Vertical Curve Station , Inc., which provides personal care, meal preparation, housekeeping, transportation and other in-home services to residents in the greater Phoenix area. The acquisition is expected to provide approximately $800,000 in private pay revenue annually. "ResCare is proud to include EVCS in the Creative Networks family of services in Arizona," said Ronald G. Geary, ResCare chairman, president and chief executive officer. "It further expands Creative Networks' offerings of in-home services." ResCare, founded in 1974, offers services to some 41,000 people in 34 states, Washington, DC, Puerto Rico and Canada. ResCare is a human service company that provides residential, therapeutic, job training and educational supports to people with developmental or other disabilities, to youth with special needs and to adults who are experiencing barriers to employment. The Company is based in Louisville, Ky. More information about ResCare is available on the Company's web site at http://www.rescare.com. The Company from time to time makes forward-looking statements in its public disclosures, including statements relating to revenues that might be expected from new or acquired programs and facilities, other statements regarding development and acquisition activities, statements regarding reimbursement under federal and state programs and statements regarding various trends favoring downsizing (1) Converting mainframe and mini-based systems to client/server LANs. (2) To reduce equipment and associated costs by switching to a less-expensive system. (jargon) downsizing , deinstitutionalization de·in·sti·tu·tion·al·i·za·tion n. The release of institutionalized people, especially mental health patients, from an institution for placement and care in the community. and privatization privatization: see nationalization. privatization Transfer of government services or assets to the private sector. State-owned assets may be sold to private owners, or statutory restrictions on competition between privately and publicly owned of government programs. In the Company's filings under the federal securities laws, including its annual, periodic and current reports, the Company identifies important factors that could cause the Company's results to differ materially from those contained in such forward-looking statements. Please refer to these disclosures. |
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