Amedisys Acquires a Home Care Agency
03 April 2007 - 11:00PM
PR Newswire (US)
BATON ROUGE, La., April 3 /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
care agency in Tallahassee, Florida, owned by American Home
Patient, Inc. The transaction was effective as of April 1, 2007,
and is expected to contribute approximately $5 million in total
annualized revenues. "We are excited to further increase our home
care services in Florida by acquiring one of the largest agencies
in the Tallahassee market," said William F. Borne, Chief Executive
Officer of Amedisys, Inc. "We continuously assess many similar
opportunities in order to identify those that most appropriately
fit our profile and acquisition criteria." The acquisition is not
expected to add materially to Amedisys' earnings in 2007. Terms of
the acquisition purchase agreement were not disclosed. Amedisys,
Inc. 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/ Contact: Amedisys, Inc. Amedisys, Inc.
Senior Vice President of Finance Chief Financial Officer Tom J.
Dolan Dale E. Redman 225.292.2031 225.292.2031 DATASOURCE:
Amedisys, Inc CONTACT: Tom J. Dolan, Senior Vice President of
Finance, +1-225-292-2031, , or Dale E. Redman, Chief Financial
Officer, +1-225-292-2031, , both of Amedisys, Inc. Web site:
http://www.amedisys.com/
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