Amedisys Acquires Home Health Agency In State of Missouri
October 03 2006 - 8:00AM
PR Newswire (US)
- Acquisition Marks Amedisys' Initial Entry Into Missouri Market -
BATON ROUGE, La., Oct. 3 /PRNewswire-FirstCall/ -- Amedisys, Inc.
(Nasdaq: AMED; or the "Company"), one of America's leading home
health nursing companies, today announced the acquisition of
Jefferson County Patient Care Services, Inc., a home health agency
in Hillsboro, Missouri. The acquisition is effective as of October
1, 2006, and is expected to contribute approximately $3.5 million
in annualized revenues. The acquisition represents Amedisys'
initial entry into Missouri. The acquisition includes two
locations, Hillsboro, Missouri, and St. Louis, Missouri. "We are
very happy to enter the Missouri market through this acquisition,"
said William F. Borne, Chief Executive Officer of Amedisys, Inc.
"This purchase is representative of our strategy of expanding
through selective acquisitions into states contiguous with our
current area of operation. We continuously assess many similar
opportunities in order to identify those that most appropriately
fit our profile and acquisition criteria." The agency is not
expected to add materially to earnings in 2006. Terms of the
purchase agreement were not disclosed. Amedisys, Inc., a leading
provider of home health nursing services, is headquartered in Baton
Rouge, Louisiana. Its common stock trades on the Nasdaq National
Market System 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 on the World Wide Web at:
http://www.amedisys.com/ Contact: 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
Investors, Media, Brian Ritchie of Noonan Russo for Amedisys, Inc.,
+1-212-845-4269, Web site: http://www.amedisys.com/
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