National Home Health Care Corp. Receives Potentially 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 Premier Home Health Care Services, Inc. delivered a 
      new proposal, subject to financing, offering to acquire NHHC by merger, 
      paying each shareholder (x) $12.75 per share in cash plus (y) if the 
      break-up fee and/or expense reimbursement contained in the previously 
      announced Amended and Restated Agreement and Plan of Merger between NHHC 
      and certain affiliates of Angelo Gordon & Co. is reduced, then such 
      reduction less any attorneys’ fees incurred 
      and payable by Premier with respect to same will be shared among NHHC’s 
      shareholders in the form of an additional payment of up to approximately 
      $0.25 per share in cash. The Special Committee of NHHC's Board of 
      Directors met on Monday, May 14, 2007 and recommended unanimously to the 
      Board of Directors that the revised proposal would reasonably be 
      expected to lead to a Superior Proposal within the meaning of the 
      Amended and Restated Agreement and Plan of Merger between NHHC and 
      certain affiliates of Angelo Gordon & Co., and should be pursued in the 
      exercise of the Board's fiduciary duties. NHHC's Board of Directors 
      unanimously accepted the recommendation of the Special Committee. NHHC 
      requested a financing commitment to support the proposal, but has not 
      yet received it. Angelo Gordon’s affiliates 
      have the right to terminate the Amended and Restated Agreement and Plan 
      of Merger if the NHHC Board of Directors fails to recommend against the 
      Premier proposal by the close of business on May 16, 2007.