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ZACHARY BERK, O.D.                         MARLENE KRAUSS, M.D.
Chairman of the Board                      Chairman of the Board
KBL Healthcare Acquisition Corp. II        KBL Healthcare Acquisition Corp. II
(212) 319-5555                             (212) 319-5555


FOR IMMEDIATE RELEASE
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                       KBL HEALTHCARE ACQUISITION CORP. II
                        COMPLETES INITIAL PUBLIC OFFERING
                        ---------------------------------



         NEW YORK, NEW YORK, April 27, 2005 - KBL Healthcare Acquisition Corp.
II (OTC Bulletin Board: KBLHU) announced today that its initial public offering
of 8,000,000 units was consummated. Each unit consists of one share of common
stock and two warrants. The units were sold at an offering price of $6.00 per
unit, generating gross proceeds of $48,000,000 to the Company. EarlyBirdCapital,
Inc. acted as lead underwriter for the initial public offering. A copy of the
prospectus may be obtained from EarlyBirdCapital, Inc., 275 Madison Avenue,
Suite 1203, New York, New York 10016.

         Audited financial statements as of April 27, 2005 reflecting receipt of
the proceeds upon consummation of the initial public offering have been issued
by the Company and are included as Exhibit 99.1 to a Current Report on Form 8-K
filed by the Company with the Securities and Exchange Commission.

         The Company also announced that, subject to final consent by
EarlyBirdCapital, Inc., separate trading of the common stock and warrants
included in the units would commence on or about May 4, 2005.




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