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United States: Amedisys signs purchase agreement to acquire six home health agencies in three states.


Byline: pinto pinto

Spotted horse, also called paint, piebald, skewbald, and other terms to describe variations in colour and markings. The American Indian ponies of the western U.S. were often pintos. Most pure-breed associations refuse to register horses with pinto colouring.
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Amedisys, Inc. , one of America's leading home health nursing companies, today announced that it has signed a purchase agreement to acquire six home health locations from Home Health Corporation of America, Inc. The agencies are located in Pennsylvania, Maryland and Delaware with two agencies per state. This acquisition will expand the Company s coverage to five new counties in Maryland This is a list of the twenty-four counties and county-equivalents in the U.S. state of Maryland. Though an independent city rather than a county, the City of Baltimore is considered the equal of a county for most purposes and is a county-equivalent. , a Certificate of Need ( CON ) state, five new counties in Pennsylvania The following is a list of the sixty-seven counties of the Commonwealth of Pennsylvania in the United States of America. The city of Philadelphia is coterminous with Philadelphia County, and governmental functions have been consolidated since 1854.  and provide state-wide coverage in Delaware. The six agencies had revenue of approximately $23 million for the twelve months ended June 30, 2008, but is not expected to add significantly to Amedisys' earnings in 2008. The transaction is subject to customary closing conditions, including certain regulatory approvals, and is expected to close in the beginning of October. Terms of the acquisition were not disclosed.

This is a strategic acquisition that we are excited about as it expands our presence in the CON state of Maryland, extends our geographic footprint in Pennsylvania and provides us state-wide coverage and entry into Delaware, a new state for Amedisys, stated William F. Borne, Chief Executive Officer of Amedisys, Inc. We intend to continue pursuing acquisition opportunities that meet our criteria and that we believe will further our commitment to being one of the nation s leading providers of low cost/high quality home health services health services Managed care The benefits covered under a health contract . Amedisys, Inc. is headquartered in Baton Rouge, Louisiana For the Canadian restaurant, see .
Baton Rouge (from the French bâton rouge), pronounced /ˈbætn ˈɹuːʒ/ in English, and
. Its common stock trades on the Nasdaq Global Select Market under the symbol AMED AMED Allied and Alternative Medicine (database / base de donnée)
AMED Association for Management Education and Development
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Publication:TendersInfo
Date:Sep 9, 2008
Words:259
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