EX-99.4 5 l15110aexv99w4.htm EX-99.4 EX-99.4
 

EXHIBIT 99.4

(RESCARE LOGO)

     
CONTACT:
  Nel Taylor
 
  Chief Communication Officer
 
  502/394-2100

RESCARE COMPLETES MULTI-STATE HOME CARE TRANSACTION

LOUISVILLE, Ky. (May 11, 2005) — ResCare, Inc. (NASDAQ/NM:RSCR), the nation’s leading provider of residential, training, educational and support services for people with disabilities and special needs, announced today that it has completed the HOME CARE-GIVER SERVICES, INC. transaction. As previously announced, ResCare purchased operations and certain assets of the company in four states; California, Nevada, Colorado and Illinois. Through drop-in or live-in care, HOME CARE-GIVER SERVICES provides personal care, meal preparation, housekeeping and transportation to the elderly or those with disabilities. Revenues, which are based on private pay or long term care insurance, are expected to be $13.2 million annually.

     ResCare, founded in 1974, offers services to some 34,000 people in 33 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, deinstitutionalization and privatization 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. Reference is hereby made to such disclosures.

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