Res-Care to Acquire Gator Human Services, Commences Operation of Colorado Youth Program

OPEN MINDS, The Behavioral Health & Social Service Industry Analyst Industry News On November 9, 1998, Res-Care, Inc. (Nasdaq: NM:RSCR) announced its Division for Youth Services ahs entered into a definitive agreement to acquire the operations of Gator Human Services, Inc., a not-for-provider of services to adjudicated youth with programs in seven Florida communities. The transaction is structured as a cash purchase of assets and operations, and subject to normal regulatory approvals, is expected to close in the fourth quarter of 1998. The programs, which are expected to generate in excess of $5 million in annual . . .