Amedisys Acquires Home Health Agency in Certificate of Need State of North Carolina
10 August 2006 - 11:00PM
PR Newswire (US)
- Acquisition Deepens Amedisys' Penetration in North Carolina -
BATON ROUGE, La., Aug. 10 /PRNewswire-FirstCall/ -- Amedisys, Inc.
(Nasdaq: AMED; or the "Company"), one of America's leading home
health nursing companies, today announced the acquisition of a home
health agency in Cumberland County, North Carolina, effective
August 8, 2006. "We are pleased to expand our presence in North
Carolina," stated William F. Borne, Chief Executive Officer of
Amedisys, Inc. "The Certificate of Need requirements in North
Carolina make this acquisition particularly appealing. We continue
to evaluate similar acquisition opportunities in and near the
states we currently serve and maintain our intention to selectively
acquire companies that fit our acquisition profile." The agency is
expected to contribute approximately $1 million in annualized
revenues but is not expected to add materially to earnings in 2006.
Terms of the purchase agreement were not disclosed. 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. President and Chief
Operating Officer Larry R. Graham 225.292.2031 Noonan Russo
Investors/Media Brian Ritchie 212.845.4269 DATASOURCE: Amedisys,
Inc. CONTACT: Larry R. Graham, President and Chief Operating
Officer of Amedisys, Inc., +1-225-292-2031, ; or for Investors,
Media, Brian Ritchie of Noonan Russo, +1-212-845-4269, , for
Amedisys, Inc. Web site: http://www.amedisys.com/
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