Horizon Health Corporation Acquires Employee Assistance Programs International And Has Signed Agreement To Acquire Integrated Insights

OPEN MINDS, The Behavioral Health & Social Service Industry Analyst

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Horizon Health Corporation (Nasdaq/NM: HORC) announced on November 4, 2002, the acquisition of all outstanding capital stock of Employee Assistance Programs International, Inc. (EAP). Effective October 31, 2002, EAP became a wholly-owned subsidiary of Horizon Behavioral Services, Inc., Horizon's employee assistance program and managed behavioral health subsidiary.

EAP International, based in Denver, Colorado, provides employee assistance programs. As of October 31, 2002, EAP had approximately 175 contracts covering approximately 475,000 lives with revenues of approximately . . .