HORC Horizon Health Corp (MM)

Horizon Health Corporation (NASDAQ/NM:HORC) today announced that it has completed its acquisition of the Focus Healthcare behavioral health facility located in New Castle, Delaware. The transaction was part of the previously announced acquisition of the behavioral health facilities of Lighthouse Care Centers and Focus Healthcare. The closing on the Focus Healthcare Delaware facility had been delayed pending receipt of required governmental approvals. Horizon Health Corporation is an owner of behavioral health care facilities and a leading contract manager of clinical services for acute care hospitals and employers. 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 the acquisitions, the ability to integrate the existing operations of the facilities on a cost-effective basis, the ability to effectively manage the operations at the facilities and maintain existing contracts, 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.