LOUISVILLE, Ky., Sept. 1, 2010 (GLOBE NEWSWIRE) -- ResCare, Inc. (Nasdaq:RSCR) announced that discussions between a special committee of independent ResCare directors and Onex Corporation ("Onex") are continuing as the committee evaluates the acquisition proposal from Onex announced on August 16, 2010.
The board of directors cautions ResCare's shareholders that no decisions have been made by the board with respect to a response to the proposal. There can be no assurance that any agreement will be executed or that this or any other transaction will be approved or consummated. Pending completion of the evaluation of the proposal by the special committee and the board of directors, neither ResCare nor the special committee will have any further comment with respect to the proposal.
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 privatization 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 its actual results to differ materially from those anticipated in forward-looking statements. Please refer to the discussion of those factors in the Company's 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.
CONTACT: ResCare, Inc. David W. Miles, Chief Financial Officer 502-394-2137