Horizon Health Announces Acquisition of Kids Behavioral Health of Utah, Inc. d/b/a Copper Hills Youth Center
2006年1月3日 - 9:30PM
ビジネスワイヤ(英語)
Horizon Health Corporation (NASDAQ/NM:HORC) today announced the
acquisition of Kids Behavioral Health of Utah, Inc. d/b/a Copper
Hills Youth Center effective January 1, 2006. Copper Hills Youth
Center is a 126-bed adolescent residential behavioral health
treatment center located in West Jordan, Utah. Copper Hills Youth
Center had net revenues of approximately $11.9 million for the
fiscal year ended December 31, 2004, and net revenues of
approximately $11.7 million for the 11 months ended November 30,
2005. Ken Newman, chairman and chief executive officer of Horizon
Health, stated, "Including the anticipated acquisition of the eight
behavioral health facilities of Lighthouse Care Centers and Focus
Healthcare, this acquisition represents our 14th behavioral health
facility. We are very pleased with the addition of this residential
behavioral health treatment center that will be another Horizon
facility providing quality patient services for the communities it
serves." Horizon Health Corporation is a leading contract manager
of clinical services for acute care hospitals and employers and an
owner of behavioral health care facilities. The statements
contained herein based on future expectations rather than on
historical facts are forward-looking statements as defined under
the Private Securities Litigation Reform Act of 1995 that involve a
number of risks and uncertainties. Factors that could cause actual
results to differ materially from those in any such forward-looking
statements include, but are not limited to, the ability to
consummate additional acquisitions, the ability to integrate the
existing operations of the hospital on a cost-effective basis,
adverse changes in reimbursement to psychiatric hospitals by
federal and state health care programs and other third-party payors
and various other risks as outlined in Horizon's Securities and
Exchange Commission filings. There can be no assurance that
statements made in this press release relating to future events
will be achieved. The Company undertakes no obligation to update or
revise forward-looking statements to reflect changed assumptions,
the occurrence of unanticipated events or changes to future
operating results over time.
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