Amedisys Closes on Acquisition Adding Coverage Area in Western Kentucky
March 05 2018 - 7:00AM
Amedisys, Inc. (NASDAQ:AMED), one of the nation’s leading home
healthcare, hospice and personal care companies, announced today
that it has acquired the right to operate in 10 counties in western
Kentucky from Christian Care Communities.
Under the terms of the agreement, Amedisys acquired the right to
operate in six new CON counties and four overlapping counties in
the region. These counties will be serviced by established Amedisys
agencies in Owensboro and Bowling Green, Kentucky. These agencies
earned 4 and 4.5 Stars out of a possible five, respectively, from
the Centers for Medicare and Medicaid (CMS) for Quality of Patient
Care, both above the national average.
“This agreement is exciting because it allows already
high-performing care centers to expand their reach, care for more
patients and help us continue to grow our home health business,”
stated Amedisys President and CEO Paul Kusserow. “I look forward to
welcoming these clinicians and patients into the Amedisys
family.”
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 healthcare industry, our ability to integrate
our personal care segment into our business efficiently, 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, 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, manage and keep our information systems
secure, 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.
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. We partner with 3,000
hospitals and 59,000 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 17,500 employees, in 426
care centers in 35 states, Amedisys is dedicated to delivering the
highest quality of care to the doorsteps of more than 369,000
patients and clients in need every year. For more information about
the Company, please visit: www.amedisys.com.
About Christian Care Communities: Founded in
1884, Christian Care Communities is Kentucky’s largest faith
inspired nonprofit provider of senior living, long-term care, and
Alzheimer’s disease and dementia support services in 10 counties
including these communities: Bowling Green, Corbin, Grayson,
Hopkinsville, Nicholasville/Lexington, Louisville, Midway,
Owensboro and Taylorsville.
Contact:
Kendra KimmonsVice President of Marketing &
Communications225-299-3708kendra.kimmons@amedisys.com
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