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RecoverCare Announces the Relocation of Corporate Headquarters to Louisville
Date:12/8/2009

LOUISVILLE, Ky., Dec. 8 /PRNewswire/ -- RecoverCare, LLC, a leading distributor of wound care and bariatric equipment and solutions to the acute and long term healthcare markets, today announced that it is relocating its corporate headquarters from Philadelphia, PA to Louisville, KY. The decision to relocate the Company's headquarters follows RecoverCare's merger-of-equals transaction with MedaSTAT USA, LLC, a national provider of wound care support surfaces and related products for those in long term, acute care, and home care environments, based in Louisville since its founding in 1998. The transaction was completed in August 2009.

RecoverCare offers a national service infrastructure, with 158 service centers and over 750 employees and a fixed asset inventory approaching 100,000 units. RecoverCare also has durable, quality customer relationships with leading acute and long term healthcare facility chains, innovative technology solutions, sophisticated asset management practices and growth capital to expand organically and through acquisitions within the rapidly growing healthcare markets of wound care and bariatrics.

The headquarters relocation safeguards the approximately 75 current Louisville jobs and creates 57 new employment opportunities with the potential for more job creation and future growth. The relocation strategy was driven by a $2.3 million tax incentive offered by the Commonwealth of Kentucky, along with the many advantages offered by Louisville, which has a rapidly growing health care industry and a large number of experienced health care professionals. Additionally, the Company's already significant presence and history in this city makes the location even more compelling.

"There is a reason that Louisville is known as Possibility City," said Mark Bidner, Chief Executive Officer of RecoverCare. "With its growing healthcare industry and a large pool of experienced healthcare professionals to comple
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SOURCE RecoverCare, LLC
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