HORC Horizon Health Corp (MM)

Horizon Health Corporation (NASDAQ/NM:HORC) announced today that it has increased its revolving credit facility from $125 million to $175 million, which will provide the Company more flexibility in executing its acquisition strategy. In connection with this amendment, SunTrust Bank was added to the Company's existing banks, which include JPMorgan Chase Bank (which also serves as agent); Bank of America, National Association; Wells Fargo Bank, National Association; Key Bank, National Association; Wachovia Bank, National Association; and Amegy Bank, National Association. The facility is available for acquisitions and working capital purposes. The term of the amended revolving credit facility expires May 31, 2010. Mr. Ken Newman, chairman and chief executive officer of Horizon Health Corporation, said, "The Company appreciates the continued support of its existing bank group and the new relationship with SunTrust Bank. This will enhance the Company's ability to pursue growth through acquisitions." 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 additional acquisitions, the ability to integrate the existing operations of the hospital on a cost-effective basis, 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.