Amedisys Closes Professional Profiles Acquisition
September 02 2016 - 7:00AM
Amedisys, Inc. (NASDAQ:AMED), one of America's leading home health
and hospice companies, as of September 1, 2016, has closed on the
previously announced acquisition of Professional Profiles, Inc.,
for $4.4 million.
“This transaction solidifies our footprint in Massachusetts,
building on our March acquisition of Associated Home Care, the
leading personal care company in Greater Boston,” stated Amedisys
President and Chief Executive Officer Paul Kusserow. “It also takes
us yet another key step closer to achieving our long-term strategy
in adding personal care to complement our home health and hospice
businesses in Massachusetts.”
Professional Profiles, Inc., with corporate headquarters in
Danvers, Massachusetts, cares for more than 1,000 clients per year.
The Company has 384 employees, offices in Brookline, Melrose and
Lowell and covers all of Eastern Massachusetts.
About Amedisys: Amedisys, Inc. is a leading
healthcare at home Company delivering personalized home health and
hospice care. Amedisys is focused on delivering the care that is
best for our patients, whether that is home-based 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 13,000 employees, in 411 care centers
in 34 states, Amedisys is dedicated to delivering
the highest quality of care to the doorsteps
of 360,000 patients in need every year. For more
information about the Company, please visit: www.amedisys.com.
We use our company website as a channel of distribution for
important company information. Important information, including
press releases, analyst presentations and financial information
regarding the Company is routinely posted on and accessible on the
“Investor Relations” subpage of our website, which is accessible by
clicking on the tab labeled “Investors” on our website home page.
We will also use our website to expedite public access to
time-critical information regarding the Company in advance of or in
lieu of distributing a press release or a filing with the
Securities and Exchange Commission (“SEC”) disclosing the same
information. In addition, we make available on the Investor
Relations subpage of our website (under the link “SEC filings”)
free of charge our annual reports on Form 10-K, quarterly reports
on Form 10-Q, current reports on Form 8-K, ownership reports on
Forms 3, 4 and 5 and any amendments to those reports as soon as
practicable after we electronically file such reports with the SEC.
Further, copies of our Certificate of Incorporation and Bylaws, our
Code of Ethical Business Conduct and the charters for the Audit,
Compensation, Nominating and Corporate Governance, Quality of Care
and Compliance and Ethics Committees of our Board are also
available on the Investor Relations subpage of our website (under
the link “Corporate Governance”).
Forward-Looking Statements:
When included in this press release, words like “believes,”
“belief,” “expects,” “plans,” “anticipates,” “intends,” “projects,”
“estimates,” “may,” “might,” “would,” “should” and similar
expressions are intended to identify forward-looking statements as
defined by the Private Securities Litigation Reform Act of 1995.
These forward-looking statements involve a variety of risks and
uncertainties that could cause actual results to differ materially
from those described therein. These risks and uncertainties
include, but are not limited to the following: changes in Medicare
and other medical payment levels, our ability to open care centers,
acquire additional care centers and integrate and operate these
care centers effectively, changes in or our failure to comply with
existing Federal and State laws or regulations or the inability to
comply with new government regulations on a timely basis,
competition in the home health industry, changes in the case mix of
patients and payment methodologies, changes in estimates and
judgments associated with critical accounting policies, our ability
to maintain or establish new patient referral sources, our ability
to attract and retain qualified personnel, changes in payments and
covered services due to the economic downturn and deficit spending
by federal and state governments, future cost containment
initiatives undertaken by third-party payors, our access to
financing due to the volatility and disruption of the capital and
credit markets, our ability to meet debt service requirements and
comply with covenants in debt agreements, business disruptions due
to natural disasters or acts of terrorism, our ability to integrate
and manage our information systems, our ability to comply with
requirements stipulated in our corporate integrity agreement and
changes in law or developments with respect to any litigation
relating to the Company, including various other matters, many of
which are beyond our control.
Because forward-looking statements are inherently subject to
risks and uncertainties, some of which cannot be predicted or
quantified, you should not rely on any forward-looking statement as
a prediction of future events. We expressly disclaim any obligation
or undertaking and we do not intend to release publicly any updates
or changes in our expectations concerning the forward-looking
statements or any changes in events, conditions or circumstances
upon which any forward-looking statement may be based, except as
required by law.
Media Contact:
Kendra Kimmons
Marketing & Communications
225-299-3720
kendra.kimmons@amedisys.com
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