Amedisys announces Care Center closures

25 centers affected

Amedisys, Inc. (Nasdaq:AMED), a leading home health and hospice company, today announced that it will be closing 29 care centers (23 home health and six hospice) and consolidating another 25 care centers (21 home health and four hospice) with care centers servicing the same markets.

As a result of these actions, we expect to incur non-recurring charges in the range of $7 to $9 million in the first quarter of 2014. These charges include lease terminations of approximately $2 to $3 million, severance payments of approximately $3 to $4 million and a non-cash other intangibles impairment charge of approximately $2 million. These estimates are preliminary and could change materially.

Amedisys, Inc. (Nasdaq:AMED) is a “health care at home” company delivering personalized home health and hospice care to more than 360,000 patients each year. Amedisys is focused on delivering the care that is best for our patients, whether that is home-based recovery and rehabilitation after an operation or injury, care focused on empowering them to manage a chronic disease, palliative care for those with a terminal illness, or hospice care at the end of life.

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