Amedisys, Inc. (“Company”), one of America's leading home health nursing companies, today announced that it has closed on the previously announced acquisition of six home health agencies located in Pennsylvania, Maryland and Delaware. The acquisition will expand the Company’s coverage to five new counties in Maryland, a Certificate of Need (CON) state, five new counties in Pennsylvania and provide statewide coverage in Delaware. The six agencies had revenue of approximately $23 million for the twelve months ended June 30, 2008, but is not expected to add materially to Amedisys' earnings in 2008.
The Company also announced that it has completed the acquisition of Okanogan Regional Home Health and Hospice in Omak, Washington. This business had total revenue of approximately $1.7 million for the twelve months ended August 31, 2008, but is not expected to add materially to Amedisys' earnings in 2008. The acquisition will expand the Company’s coverage in the CON state of Washington by three counties. Terms of the transaction were not disclosed.
“We are pleased with these acquisition opportunities. The new coverage in Delaware and the expanded coverage in Pennsylvania, Maryland and Washington position us well for future de novo growth in these areas. These acquisitions further Amedisys’ strategic vision to be the leading provider of high quality/low cost health care services in America,” stated William F. Borne, Chief Executive Officer of Amedisys, Inc.
Amedisys, Inc. is headquartered in Baton Rouge, Louisiana. Its common stock trades on the Nasdaq Global Select Market under the symbol “AMED”.
Contact:
Amedisys, Inc.
Kevin B. LeBlanc, 225-292-2031
Director of Investor Relations
kleblanc@amedisys.com
Source: Amedisys, Inc.
The Company also announced that it has completed the acquisition of Okanogan Regional Home Health and Hospice in Omak, Washington. This business had total revenue of approximately $1.7 million for the twelve months ended August 31, 2008, but is not expected to add materially to Amedisys' earnings in 2008. The acquisition will expand the Company’s coverage in the CON state of Washington by three counties. Terms of the transaction were not disclosed.
“We are pleased with these acquisition opportunities. The new coverage in Delaware and the expanded coverage in Pennsylvania, Maryland and Washington position us well for future de novo growth in these areas. These acquisitions further Amedisys’ strategic vision to be the leading provider of high quality/low cost health care services in America,” stated William F. Borne, Chief Executive Officer of Amedisys, Inc.
Amedisys, Inc. is headquartered in Baton Rouge, Louisiana. Its common stock trades on the Nasdaq Global Select Market under the symbol “AMED”.
Contact:
Amedisys, Inc.
Kevin B. LeBlanc, 225-292-2031
Director of Investor Relations
kleblanc@amedisys.com
Source: Amedisys, Inc.
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