Amedisys Announces Promotion of Don Loverich to Principal Accounting Officer and Treasurer
07 June 2006 - 11:00PM
PR Newswire (US)
BATON ROUGE, La., June 7 /PRNewswire-FirstCall/ -- Amedisys, Inc.
(Nasdaq: AMED or the "Company"), one of America's leading home
health nursing companies, today announced the promotion of Don
Loverich to the positions of Principal Accounting Officer and
Treasurer. Mr. Loverich previously served as Amedisys' Senior Vice
President and Corporate Controller. In his new role, Mr. Loverich
will oversee all aspects of the Company's financial reporting, as
well as maintaining his previous responsibilities. Mr. Loverich
joined Amedisys in October of 2005. Prior to his tenure at
Amedisys, he was Controller and Principal Accounting Officer for
seven years at US Unwired, Inc., a Nasdaq-listed wireless
communications services company that was acquired by Sprint Nextel
Corporation in August of 2005. In addition, Mr. Loverich has held
numerous executive-level finance and accounting positions for a
variety of companies, including Waste Management, Inc. and Ernst
& Young. He received his Bachelor's degree in Accounting from
Memphis University and is a Certified Public Accountant. Amedisys
also announced today that, effective June 7, 2006, Gregory H.
Browne will officially relinquish his duties as Chief Financial
Officer. Mr. Browne will, however, continue to serve the Company in
a consultancy role. "Since joining Amedisys, Don has made
significant contributions to our finance team and has been an
integral part of the financial reporting process," said William F.
Borne, Chief Executive Officer of Amedisys. "His impressive body of
work at Amedisys, as well as his accomplished track record in
finance and accounting, gives us great comfort in taking the
necessary time that we need to conduct a highly thorough and
meticulous CFO search that continues to progress." Amedisys, Inc.,
a leading provider of home health nursing services, is
headquartered in Baton Rouge, Louisiana. Its common stock trades on
the Nasdaq National Market System under the symbol "AMED". This
press release includes statements that may constitute
"forward-looking" statements, usually containing the words
"believe", "estimate", "project", "expect" or similar expressions.
Forward-looking statements inherently involve risks and
uncertainties that could cause actual results to differ materially
from the forward-looking statements. Factors that would cause or
contribute to such differences include, but are not limited to,
continued acceptance of the Company's services in the marketplace,
competitive factors, changes in government reimbursement
procedures, dependence upon third-party vendors, and other risks
discussed in the Company's periodic filings with the Securities and
Exchange Commission. By making these forward-looking statements,
the Company undertakes no obligation to update these statements for
revisions or changes after the date of this release. Additional
information on the Company can be found on the World Wide Web at:
http://www.amedisys.com/ Contact: Amedisys, Inc. Noonan Russo
President and Chief Operating Officer Investors/Media Larry R.
Graham Brian Ritchie 225.292.2031 212.845.4269 DATASOURCE:
Amedisys, Inc. CONTACT: Larry R. Graham, President and Chief
Operating Officer of Amedisys, Inc., +1-225-292-2031, ; or
Investors/Media: Brian Ritchie of Noonan Russo, +1-212-845-4269,
Web site: http://www.amedisys.com/
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