DALLAS--(BUSINESS WIRE)--March 6, 2008--Odyssey HealthCare, Inc.
(NASDAQ: ODSY) today announced the completion of its previously
announced acquisition of VistaCare, Inc. (NASDAQ: VSTA) pursuant to a
"short-form merger" under Delaware law. In the merger, Odyssey
acquired all the remaining outstanding shares of VistaCare that had
not been acquired by Odyssey in the recently completed tender offer.
The remaining shares, by virtue of the merger, were converted into the
right to receive $8.60 per share in cash. The transaction was valued
at approximately $148 million.
About Odyssey HealthCare
Based in Dallas, Texas, Odyssey is one of the largest providers of
hospice care in the country in terms of both average daily patient
census and number of locations. Odyssey seeks to improve the quality
of life of terminally ill patients and their families by providing
care directed at managing pain and other discomforting symptoms and by
addressing the psychosocial and spiritual needs of patients and their
CONTACT: Odyssey HealthCare, Inc.
R. Dirk Allison, 214-922-9711
Senior Vice President and Chief Financial Officer
SOURCE: Odyssey HealthCare, Inc.