Amedisys Closes Acquisition of IntegriCare, Inc.
04 September 2007 - 10:30PM
PR Newswire (US)
Four agencies remain subject to West Virginia Certificate of Need
(CON) regulatory approval BATON ROUGE, La., Sept. 4
/PRNewswire-FirstCall/ -- Amedisys, Inc. (Nasdaq: AMED, Amedisys or
the "Company"), one of America's leading home health nursing
companies, today announced that it has closed its acquisition of
IntegriCare, Inc. effective as of September 1, 2007. However, as
previously disclosed at the time the transaction was first
announced, due to necessary regulatory approvals associated with
West Virginia CON requirements, the West Virginia agencies included
with this transaction are not expected to close until some time in
the fourth quarter of 2007. IntegriCare operates 19 home health
locations in nine states, including Alaska, Colorado, Idaho,
Kansas, New Hampshire, Oregon, Wyoming, and the CON states of
Washington and West Virginia. Hospice services are provided in 11
of the locations, and five of the locations are operated through
joint ventures with local hospitals. Due to transition related
costs and the prolonged closing of the West Virginia agencies, the
acquisition is not expected to add materially to earnings in 2007.
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 - Finance Chief Financial Officer Thomas J.
Dolan Dale E. Redman 225.292.2031 225.292.2031 DATASOURCE:
Amedisys, Inc. CONTACT: Thomas J. Dolan, Senior Vice President -
Finance, , Dale E. Redman, Chief Financial Officer, , both of
Amedisys, Inc., +1-225-292-2031 Web site: http://www.amedisys.com/
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