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November 27, 2007

ShareResCare Inc. Presentation at Piper Jaffray Healthcare Conference

ResCare, Inc. speakers presented the company's current status and outlook. The company has three operating segments:

  • Community services for people with mental retardation and/or developmental disabilities

  • Employment training services that provide job training and employment placement to assist people entering or re-entering the workforce

  • Job Corps training services that provide educational and vocational training for disadvantaged youth between the ages of 16 and 24

ResCare's community services segment, which contributed to 11.8% of 2007 year-to-date revenues, holds five percent of the United States market share in the number of people served. Its largest competitor is National Mentor, which holds three percent market share  in the number of people served.

ResCare's growth strategy relies on "tuck in" acquisitions of smaller service providers in the highly fragmented home and community services market. It will actively seek new Workforce Investment Act and Temporary Aid for Needy Families contracts to provide workforce training services. It will also expand the use of a pharmacy initiative and rest assured remote monitoring services.
 

 

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