National Home Health Care Corp. Announces Shareholder Approval of Merger Agreement with Affiliates of Angelo Gordon & Co.

  
    
  
  
    
      National Home Health Care Corp. (NASDAQ:NHHC), a provider of home health 
      care and staffing services in the Northeast, today reported that at a 
      special meeting of its shareholders held in New York City on June 15, 
      2007, the shareholders of NHHC approved and adopted the amended merger 
      agreement, dated as of June 4, 2007, by and among NHHC and affiliates of 
      Angelo Gordon & Co.
    
    
      Pursuant to the amended agreement approved by the shareholders, NHHC’s 
      shareholders will be entitled to receive $12.75 per share in cash (other 
      than Frederick H. Fialkow to whom a portion of his merger consideration 
      will be paid by promissory note). Completion of the transaction is 
      currently expected to occur no later than September 10, 2007, subject 
      to, among other things, the satisfaction (or waiver, where applicable) 
      of the closing conditions, including the absence of a material adverse 
      effect and obtaining the approval of the New York State Department of 
      Health. There can be no assurance that these conditions will be 
      satisfied in a timely fashion or at all. With respect to the previously 
      disclosed closing condition regarding the expiration of the waiting 
      period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, 
      as amended, NHHC was granted early termination of said waiting period 
      effective June 15, 2007.
    
    
      As previously disclosed, Angelo Gordon has consented to a settlement of 
      the class action lawsuit in exchange for the payment of an additional 
      $0.10 per share in cash to all NHHC shareholders other than the 
      directors and officers of NHHC and their families, subject to reaching 
      an agreement on the language of a stipulation of settlement. Counsel for 
      the parties have agreed in principle to settle the action and are 
      currently negotiating the language of a memorandum of understanding.
    
    
      Under the safe harbor provisions of the Private Securities Litigation 
      Reform Act of 1995, certain statements contained in this press release 
      regarding NHHC and/or NHHC management’s 
      intentions, hopes, beliefs, expectations or predictions of the future 
      are forward-looking statements. These forward-looking statements are not 
      historical facts and are only estimates or predictions. Actual results 
      may differ materially from those projected as a result of risks and 
      uncertainties detailed from time to time in NHHC’s 
      filings with the U.S. Securities and Exchange Commission. NHHC does not 
      intend, or undertake any obligation, to update publicly any 
      forward-looking statements, whether as a result of future events, new 
      information, or otherwise.