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Management Newsletter Article | October 31, 2005

ResCare Purchases Paragon Senior Care

By Market Intelligence Team

OPEN MINDS, The Behavioral Health & Social Service Industry Analyst Industry News ResCare, Inc., announced on December 5, 2005, has purchased Paragon Senior Care (PSC), a home care provider in Texas for an undisclosed amount. The acquisition is expected to increase ResCare's annual private-pay revenues by at least $3 million. PSC provides one-on-one, non-medical assistance to adults in their own homes in Fort Worth, Texas, and surrounding counties. Home care services include live-in aides and personal assistance visits. According to Ronald G. Geary, ResCare chairman, president, and chief executive officer, PSC will significantly expand . . .

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