Amedisys Acquires Home Health Agency in Certificate of Need State of North Carolina
09 Dicembre 2004 - 2:39PM
PR Newswire (US)
Amedisys Acquires Home Health Agency in Certificate of Need State
of North Carolina - C.O.N. Designation Creates Barrier to Entry in
North Carolina - BATON ROUGE, La., Dec. 9 /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 in Winston-Salem, North
Carolina, from a company that is a joint venture of three nursing
homes, effective December 1, 2004. Terms of the transaction were
not disclosed. The acquisition represents Amedisys' third entry
into the North Carolina market. The agency is expected to
contribute at least $1.0 million to Amedisys' annualized revenues.
Additionally, North Carolina is a Certificate of Need (C.O.N.)
state, which limits other providers' ability to compete in these
markets. The C.O.N. acquired by Amedisys in North Carolina covers
seven counties, including Raleigh, North Carolina, the state
capital. "We are excited to further expand our presence in the
North Carolina market through this acquisition," stated William F.
Borne, Chief Executive Officer of Amedisys, Inc. "We continue to
see a number of similar acquisition opportunities available in
attractive C.O.N. states, and maintain our intention to selectively
acquire companies that fit our acquisition profile," concluded Mr.
Borne. Amedisys, Inc., a leading provider 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. Gregory H. Browne,
CFO (225) 292-2031 Investor Relations: Euro RSCG Life NRP Brian
Ritchie (212) 845-4269 DATASOURCE: Amedisys, Inc. CONTACT: Gregory
H. Browne, CFO 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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