ResCare Completes Washington State Acquisition.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, today announced that it has completed its previously announced acquisition of the operations and assets of Armstrong Uniserve, Inc. and Armstrong Unicare, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (AUI (Attachment Unit Interface) The network interface used with the original Ethernet. See 10Base5. 1. (tool, product) AUI - Adaptable User Interface. 2. (networking) AUI - Attachment Unit Interface. ), headquartered in Tacoma, Washington. AUI provides in-home personal care and respite services to the elderly and individuals with developmental, intellectual, cognitive and other disabilities. The acquisition is expected to generate approximately $28 million of annual revenue. E[acute accent acute accent n. A mark (´) indicating: a. that a vowel is close or tense, as é in French été. b. that a vowel or syllable has a high or rising pitch, as in Chinese or Ancient Greek. c. ]ResCare, founded in 1974 and based in Louisville, Kentucky, provides services in 36 states, Washington, D.C., Puerto Rico and Canada. ResCare's services include residential, therapeutic, job training and educational supports to people with developmental or other disabilities; education and training to young people in the Job Corps program; one-stop employment and training services for people experiencing barriers to employment; and supports to older people in their homes. More information is available at www.rescare.com. E[acute accent]From time to time, ResCare makes forward-looking statements in its public disclosures, including statements relating to expected financial results, revenues that might be expected from new or acquired programs and facilities, its development and acquisition activities, reimbursement under federal and state programs, financing plans, compliance with debt covenants and other risk factors, and 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 , de-institutionalization 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 ResCare's filings under the federal securities laws, including its annual, periodic and current reports, the Company identifies important factors that could cause our actual results to differ materially from those anticipated in forward-looking statements. Please refer to the discussion of those factors in our filed reports. Statements related to expected financial results are as of this date only and ResCare does not assume any responsibility to update these statements. |
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