Amedisys Closes On Visiting Nurse Association of Long Island Acquisition
October 20 2016 - 07:00AM
Amedisys, Inc. (NASDAQ:AMED), one of the nation’s leading home
health care and hospice companies, today announced that it has
closed on the acquisition of Visiting Nurse Association of Long
Island (VNALI), a nonprofit organization based in Garden City, New
York that once served more than 100 communities throughout Long
Island, Queens, Brooklyn and The Bronx. Amedisys acquired
substantially all of the assets of VNALI for $4.6 million.
VNALI, founded in 1915, is one of the nation’s oldest Visiting
Nurse Associations. Most recently, the Centers For Medicare &
Medicaid Services gave VNALI a rating of four stars out of five in
quality of care for Medicare patients. VNALI performed better than
average on 18 of 22 measures for quality through both New York
State and the United States. The organization filed for bankruptcy
in June, 2015.
“VNALI has developed an outstanding reputation for taking care
of patients for the past 100 years and this acquisition allows us
to continue that care,” stated Amedisys President and Chief
Executive Officer Paul Kusserow. “It is also the first time ever
that Amedisys has entered New York City, a heavily urban
marketplace, and as a result gives us access to Kings and Queens
Counties, among the nation’s largest Medicare populations. It also
extends our reach in the densely populated Long Island market,
where Tender Loving Care, an Amedisys company, operates facilities
in Hicksville and Medford.”
The Visiting Nurse Association of Long Island is a federally and
state certified home health agency. Until recently, the
organization provided valuable health and community-based services
to the region. It has served Long Island residents for more than
100 years and is recognized as one of the country’s top 500
healthcare providers. At one time, the agency served 450 to 500
patients per week.
Amedisys will provide further detail during its third quarter
2016 earnings conference call.
About Amedisys: Amedisys, Inc. is a leading
healthcare at home Company delivering personalized home health,
hospice and personal care. Amedisys is focused on delivering the
care that is best for our patients, whether that is home-based
personal care; recovery and rehabilitation after an operation or
injury; care focused on empowering them to manage a chronic
disease; or hospice care at the end of life. More than 2,200
hospitals and 61,900 physicians nationwide have chosen Amedisys as
a partner in post-acute care. Founded in 1982, headquartered in
Baton Rouge, LA with an executive office in Nashville, TN, Amedisys
is a publicly held company. With more than 16,000 employees, in 421
care centers in 34 states, Amedisys is dedicated to delivering the
highest quality of care to the doorsteps of more than 340,000
patients in need every year. For more information about the
Company, please visit: www.amedisys.com.
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Contact:
Kendra Kimmons
Managing Director of Communications
225-299-3708
kendra.kimmons@amedisys.com
David Castille
Managing Director of Finance
225-299-3665
david.castille@amedisys.com
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