SOURCE: American HealthCare Capital

April 05, 2007 09:00 ET

ResCare Completes Kelly Acquisition

LOS ANGELES, CA -- (MARKET WIRE) -- April 5, 2007 -- American HealthCare Capital is pleased to announce that we represented the buyer in the following transaction: ResCare, Inc. (NASDAQ: RSCR) has completed its acquisition of the homecare subsidiary of Kelly Services, Inc. (NASDAQ: KELYA) (NASDAQ: KELYB). The acquired company operates in 18 states, providing in-home care to the elderly and people with disabilities. Services are primarily custodial care, and the revenue mix is substantially private pay and long-term care insurance. The expected annualized revenue is approximately $55 million.

American HealthCare Capital represented the buyer.

About American HealthCare Capital: American HealthCare Capital is a nationwide corporate finance and mergers & acquisitions advisory firm that specializes in meeting the needs of middle market healthcare providers. AHC is active in every modality within healthcare services including but not limited to homecare, hospice, DME/IV/O2, medical staffing, acute care, long-term care, psychiatric care, diagnostic imaging, and all types of pharmacy.

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