Amedisys Announces Filing of Registration Statement for Offering of Common Stock
28 October 2006 - 7:39AM
PR Newswire (US)
BATON ROUGE, La., Oct. 27 /PRNewswire-FirstCall/ -- Amedisys, Inc.
(Nasdaq: AMED; "Amedisys" or "the Company"), one of America's
leading home health nursing companies, announced today it has filed
a registration statement with the Securities and Exchange
Commission for a proposed follow-on public offering of 3,000,000
shares of its common stock. In addition, the underwriters also may
purchase up to an additional 450,000 shares of the Company's common
stock. The share numbers in the offering do not take into account
the impact of the four-for-three stock split announced by the
Company on October 25, 2006. The record date for the stock split
will be November 27, 2006. The Company intends to use approximately
$43.1 million of the proceeds from the offering to pay down and
extinguish the term loan portion of its senior secured credit
facility with Wachovia Bank, N.A., and to use the remaining
proceeds for general corporate purposes, including working capital
and possible acquisitions. The managing underwriters of the
proposed offering are: Raymond James & Associates, Inc.,
Wachovia Capital Markets, LLC, UBS Securities LLC, CIBC World
Markets Corp., and J.P. Morgan Securities Inc. A copy of the
prospectus may be obtained from Raymond James & Associates,
Inc. at 880 Carillon Parkway, St. Petersburg, Florida 33716. A
registration statement relating to these securities has been filed
with the Securities and Exchange Commission but has not yet become
effective. These securities may not be sold nor may offers to buy
be accepted prior to the time the registration statement becomes
effective. This press release shall not constitute an offer to sell
or the solicitation of an offer to buy, nor shall there be any sale
of these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
Amedisys, Inc., one of America's leading home health nursing
companies, is headquartered in Baton Rouge, Louisiana. Its common
stock trades on the Nasdaq Global Select Market 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 at:
http://www.amedisys.com/. 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 InvestorsMedia, Brian Ritchie
of Noonan Russo, +1-212-845-4269, , for Amedisys, Inc. Web site:
http://www.amedisys.com/
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