Amedisys Acquires Home Health Agency From North Arundel Hospital in Certificate of Need State of Maryland
01 Marzo 2005 - 2:02PM
PR Newswire (US)
Amedisys Acquires Home Health Agency From North Arundel Hospital in
Certificate of Need State of Maryland - Acquisition Marks Amedisys'
Initial Entry Into Maryland Market - BATON ROUGE, La., March 1
/PRNewswire-FirstCall/ -- Amedisys, Inc. (Nasdaq: AMED or the
"Company"), one of America's leading home health nursing companies,
today announced that it has acquired a single home health agency
from the North Arundel Hospital Association in Maryland, effective
March 1, 2005. The acquisition represents Amedisys' initial entry
into Maryland, which is a Certificate of Need (C.O.N.) state. The
C.O.N. acquired by Amedisys covers three counties and the city of
Baltimore. "We are excited to enter the Maryland market and
initiate a relationship with one of the state's best-equipped
medical centers, which is one of six hospitals within the
University of Maryland Medical System," stated William F. Borne,
Chief Executive Officer of Amedisys, Inc. "We continue to execute
on our stated strategy of acquiring hospital-based agencies that
can quickly and efficiently be integrated onto our operating
platform. We continue to see a number of acquisition opportunities
available, and maintain our intention to selectively acquire
companies that fit our stated profile," concluded Mr. Borne. Terms
of the transaction were not disclosed. The agency is not expected
to contribute materially to Amedisys in 2005. Amedisys, Inc., one
of the nation's largest providers of home health nursing services,
is headquartered in Baton Rouge, Louisiana. Its common stock trades
on the Nasdaq Stock 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 on the World Wide Web at:
http://www.amedisys.com/ Contact: Amedisys, Inc. Noonan/Russo Chief
Financial Officer Investors/Media Gregory Browne Brian Ritchie
225.292.2031 212.845.4269 DATASOURCE: Amedisys, Inc. CONTACT:
Gregory Browne, Chief Financial Officer of Amedisys, Inc.,
+1-225-292-2031; Brian Ritchie, Investors/Media of Noonan/Russo,
+1-212-845-4269, for Amedisys, Inc. Web site:
http://www.amedisys.com/
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