ResCare’s Fourth Quarter And 1999 Report Includes Announcement Of Possible Management- Led Buyout And New Growth Strategy

OPEN MINDS, The Behavioral Health & Social Service Industry Analyst Industry News ResCare, Inc. a national provider of services to persons with mental retardation and development disabilities (MR/DD) and at-risk and troubled youth, announced on February 24, 2000 results for the fourth quarter and year ended December 31, 1999. Revenues for the fourth quarter rose 8% to $212.1 million from $195.7 million for the fourth quarter of 1998. Net income, however, before the additional provision for doubtful accounts, decreased 8% to $6.2 million, or $0.24 per diluted share, from $6.8 million, or $0 . . .