Amedisys Acquires Freedom Home Health in Virginia
07 Settembre 2004 - 8:00PM
PR Newswire (US)
Amedisys Acquires Freedom Home Health in Virginia BATON ROUGE, La.,
Sept. 7 /PRNewswire-FirstCall/ -- Amedisys, Inc. (Nasdaq: "AMED" or
the "Company"), one of America's leading home nursing companies,
today announced that it has acquired a single home health agency
with three locations in Richmond, Virginia, from Freedom Home
Health, effective September 1, 2004. Terms of the transaction were
not disclosed. The agency is not expected to have a significant
contribution to Amedisys in 2004. Going forward, the agency is
expected to contribute approximately $6.5 million to Amedisys'
annualized revenues. "We are excited to significantly expand our
presence in the Virginia market through this acquisition," stated
William F. Borne, Chief Executive Officer of Amedisys, Inc. "We
continue to execute on our stated strategy of acquiring multi-site
agencies that can quickly and efficiently be integrated into our
systems." "We continue to see a number of multi-site operation and
hospital-based acquisition opportunities available, and maintain
our intention to selectively acquire companies that fit our
acquisition profile," concluded Mr. Borne. Amedisys, Inc., one of
the nation's largest providers of home nursing services, is
headquartered in Baton Rouge, Louisiana. The Company had
approximately $142 million in revenue in 2003. 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. Gregory H. Browne,
Chief Financial Officer (225) 292-2031 Investor Relations: Euro
RSCG Life NRP Brian Ritchie (212) 845-4269 DATASOURCE: Amedisys,
Inc. CONTACT: Gregory H. Browne, Chief Financial Officer of
Amedisys, Inc., +1-225-292-2031, ; or Investor Relations - Brian
Ritchie of Euro RSCG Life NRP, +1-212-845-4269, , for Amedisys,
Inc. Web site: http://www.amedisys.com/
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