Amedisys Ranked 4th on Forbes' '200 Best Small Companies' List
19 Ottobre 2004 - 11:10PM
PR Newswire (US)
Amedisys Ranked 4th on Forbes' '200 Best Small Companies' List -
Company's Chief Executive Officer, William F. Borne, Named Forbes'
Entrepreneur of the Year - BATON ROUGE, La., Oct. 19
/PRNewswire-FirstCall/ -- Amedisys, Inc. (Nasdaq: "AMED" or the
"Company"), one of America's leading home health nursing companies,
today announced that it has been ranked 4th on Forbes Magazine's
annual "200 Best Small Companies" list. In addition, Amedisys' CEO,
William F. Borne, was recognized by the publication as Entrepreneur
of the Year. According to the publication, in order to qualify for
the "200 Best Small Companies" list, companies had to have shown a
consistent pattern of positive growth during a five-year period, as
well as over the last 12 months. With statistical help from William
O'Neil & Co. in Los Angeles, Forbes selected companies with
sales in the $5 million to $750 million range ("small" by Forbes'
standards), net profit margins greater than 5%, and share prices
above $5 as of October 1, 2004. "While I am certainly honored to be
named Entrepreneur of the Year by Forbes, I am even more proud of
the Company's number four ranking on the publication's '200 Best
Small Companies' list," said Mr. Borne. "This truly demonstrates
the depth of the Amedisys team, led by Larry Graham, our President
and Chief Operating Officer, Greg Browne, our Chief Financial
Officer, as well as each of our Senior Vice Presidents. I would
also like to take this opportunity to thank all of our employees
who have contributed to our success." "We have continued to execute
on a growth strategy that focuses on organic growth and acquiring
companies at attractive and accretive multiples, and the results of
this strategy have been evident," continued Mr. Borne. "Over the
past two years, we completed and integrated eight acquisitions, and
our net service revenues were up 77 percent in the second quarter
of 2004 when compared with the same period in 2003. "With a solid
cash position, approximately $90 million, minimal debt,
approximately $5 million, and a strict adherence to our internal
and external growth strategies, we are confident that we will
continue to achieve consistent earnings growth over the next
several years," 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 $142.5 million in revenue in 2003. Its common stock
trades on the Nasdaq Stock Market under the symbol "AMED". Forbes
is the publisher of Forbes, the nation's leading business magazine
and its international edition, Forbes Global, which together reach
a worldwide audience of nearly five million readers. The company
also publishes Forbes FYI, the irreverent lifestyle supplement.
Other company divisions include: Forbes.com, the company's Internet
business; Forbes Conference Group; Forbes on FOX; Forbes Investors
Advisory Institute; Forbes Newsletter Group; and Forbes Custom
Media, which also encompasses American Heritage, publisher of
American Heritage magazine and two quarterlies, American Legacy and
American Heritage of Invention & Technology. 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 this
Company can be found on the World Wide Web http://www.amedisys.com/
Contact: Amedisys, Inc. EURO RSCG Life NRP Chief Financial Officer
Investors/Media Gregory H. Browne Brian Ritchie 225.292.2031
212.845.4269 DATASOURCE: Amedisys, Inc. CONTACT: Gregory H. Browne,
Chief Financial Officer of Amedisys, Inc., +1-225-292-2031, ; or
Investors/Media, Brian Ritchie of EURO RSCG Life NRP,
+1-212-845-4269, , for Amedisys, Inc. Web Site:
http://www.amedisys.com/
Copyright