Through its subsidiary RPM Rehabilitation & Associates Inc., American Claims Evaluation Inc. (Nasdaq: AMCE) provides a full range of vocational rehabilitation and disability management services. American Claims today announced its intentions to acquire all the assets and business of a privately held New York-based company that provides a wide range of services to children with developmental delays and disabilities.

American Claims’ anticipates the purchase price of this entity at $1 million. The acquisition is subject to due diligence activities and a definitive asset purchase agreement, though approval of the shareholders is not required. In its most recently completed fiscal year, the unnamed entity reported revenues of approximately $5.7 million.

According to the National Center for Health Statistics, in 2006, approximately 4.7 million noninstitutionalized children were told they have a learning disability. American Claims recognizes the potential within the industry.

“American Claims Evaluation is looking forward to the opportunity to transition into this new line of business. We see an excellent opportunity for growth in this industry organically and through potential add-on acquisitions,” Gary Gelman, American Claims’ chairman stated in a press release.

As the company considers moving forward with the possibility of entering into a new line of business, Stephen Renz, president of RPM Rehabilitation, has voiced his interest in purchasing RPM Rehabilitation from American Claims. Renz has entered into a non-binding letter of intent to acquire all outstanding shares of RPM Rehabilitation stock in exchange for cash.

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