National Home Health Care Corp. Board Rejects Offer as Not a Superior Proposal

  
    
  
  
    
      National Home Health Care Corp. (NASDAQ National Market:NHHC), a 
      provider of home health care and staffing services in the Northeast, 
      today reported that its Board of Directors rejected an offer to purchase 
      all of the outstanding shares of NHHC for $12.00 per share in cash as 
      not constituting a Superior Proposal within the meaning of the Agreement 
      and Plan of Merger between the Company and affiliates of Angelo Gordon & 
      Co. previously announced.
    
    
      On January 9, 2007 the Chairman of the Special Committee of the Board of 
      Directors of NHHC received a proposal from Premier Home Health Care 
      Services, Inc. offering to acquire all of the outstanding shares of NHHC 
      for $12.00 per share in cash. The proposal was expressly subject to an 
      open-ended due diligence out and a financing condition and contained no 
      information about the source or likelihood of obtaining such financing. 
      The Special Committee of the Board of Directors met on January 15 and 
      recommended unanimously to the Board of Directors that the Board reject 
      the offer as not constituting a Superior Proposal and the Board of 
      Directors unanimously accepted the recommendation of the Special 
      Committee.