Amedisys to Acquire Home Health Regulatory Assets Expanding Access in New York
31 July 2019 - 6:30AM
Amedisys, Inc. (NASDAQ: AMED), America’s leading independent home
health, hospice and personal care company, has signed a definitive
agreement to acquire regulatory assets that allow the Company to
conduct home health care operations in more counties in New York.
Under the terms of the agreement, expected to close in
approximately six months, Amedisys will acquire the right to
operate certified home health care services from Premier Home
Health Care Services, Inc., in Westchester, Bronx and New York
counties. The Company currently conducts business in the
overlapping counties of Kings and Queens.
“Our mission is to honor those we serve with compassionate,
clinically distinct care that allows our patients to maintain
independence, quality of life and dignity,” stated Amedisys CEO and
President Paul Kusserow. “By extending our reach, we can more
effectively realize our vision of establishing ourselves as the
premier choice for Americans to age in place wherever they call
home.”
Amedisys is the third largest provider of home health care with
322 locations in 34 states within the United States and the
District of Columbia.
About Amedisys: Amedisys, Inc. is a leading
healthcare at home Company delivering personalized home health,
hospice and personal care. Amedisys is focused on delivering the
care that is best for our patients, whether that is home-based
personal care; recovery and rehabilitation after an operation or
injury; care focused on empowering them to manage a chronic
disease; or hospice care at the end of life. More than 3,000
hospitals and 65,000 physicians nationwide have chosen Amedisys as
a partner in post-acute care. Founded in 1982, headquartered in
Baton Rouge, LA with an executive office in Nashville, TN, Amedisys
is a publicly held company. With more than 21,000 employees in 471
care centers in 38 states and the District of Columbia, Amedisys is
dedicated to delivering the highest quality of care to the
doorsteps of more than 376,000 patients and clients in need every
year. For more information about the Company, please
visit: www.amedisys.com.
Forward-Looking Statements When included in
this press release, words like “believes,” “belief,” “expects,”
“plans,” “anticipates,” “intends,” “projects,” “estimates,” “may,”
“might,” “would,” “should,” “will” and similar expressions are
intended to identify forward-looking statements as defined by the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements involve a variety of risks and
uncertainties that could cause actual results to differ materially
from those described therein. These risks and uncertainties
include, changes in Medicare and other medical payment levels, our
ability to open care centers, acquire additional care centers and
integrate and operate these care centers effectively, changes in or
our failure to comply with existing federal and state laws or
regulations or the inability to comply with new government
regulations on a timely basis, competition in the healthcare
industry, changes in the case mix of patients and payment
methodologies, changes in estimates and judgments associated with
critical accounting policies, our ability to maintain or establish
new patient referral sources, our ability to consistently provide
high-quality care, our ability to attract and retain qualified
personnel, changes in payments and covered services by federal and
state governments, future cost containment initiatives undertaken
by third-party payors, our access to financing, our ability to meet
debt service requirements and comply with covenants in debt
agreements, business disruptions due to natural disasters or acts
of terrorism, our ability to integrate, manage and keep our
information systems secure, and changes in law or developments with
respect to any litigation relating to the Company, including
various other matters, many of which are beyond our control.
Because forward-looking statements are inherently subject to
risks and uncertainties, some of which cannot be predicted or
quantified, you should not rely on any forward-looking statement as
a prediction of future events. We expressly disclaim any obligation
or undertaking and we do not intend to release publicly any updates
or changes in our expectations concerning the forward-looking
statements or any changes in events, conditions or circumstances
upon which any forward-looking statement may be based, except as
required by law.
Contact:
Kendra KimmonsVice President of Marketing &
Communications225-299-3708kendra.kimmons@amedisys.com
Amedisys (NASDAQ:AMED)
Historical Stock Chart
From Apr 2024 to May 2024
Amedisys (NASDAQ:AMED)
Historical Stock Chart
From May 2023 to May 2024