Amedisys in negotiations with Hackensack University Medical Center to acquire its home health operations

Sep 10 2009

Amedisys, Inc. (NASDAQ: AMED), one of America's leading home health and hospice nursing companies, today announced that it is in discussions to acquire the home health operations of Hackensack University Medical Center. The discussions are advanced, and the parties expect to reach a definitive agreement in the next 30 days. Subject to regulatory approval from the state of New Jersey, the parties expect to close the transaction by the end of the year. If consummated it would represent Amedisys’ initial entry into the home health business in New Jersey, a certificate of need (CON) state. The agency has annualized revenue of approximately $19 million and serves Bergen and Hudson counties.

Amedisys, Inc. is headquartered in Baton Rouge, Louisiana. Its common stock trades on the NASDAQ Global Select Market under the symbol “AMED”.