National Home Health Care Corp. Announces Consummation of the Merger with Affili

“Our management team is very proud of the successes that we have achieved over the past several years, providing the very best in clinical home care services to our patients,” stated Steven Fialkow, President and Chief Executive Officer of NHHC. “With the committed support of Angelo Gordon and Eureka Capital Partners, we now aim even higher.”

Consummation of the transactions contemplated by the merger agreement was subject to the satisfaction, or waiver, of certain closing conditions, including the approval of the New York State Department of Health. On November 16, 2007, NHHC and Angelo Gordon received the requisite approval from the New York State Department of Health. On November 21, 2007, NHHC entered into certain financing arrangements with GMAC Commercial Finance LLC.

Pursuant to the merger agreement, NHHC’s shareholders will 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. In addition, all NHHC shareholders, other than the directors and officers of NHHC and their families, will receive an additional $0.10 per share in cash in settlement of the class action law suit, subject to the court approval of the settlement, as to which no assurance can be given.

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.