UnitedHealth and Amedisys said they expect the merger to close in 2024.
Amedisys (NASDAQ: AMED) stockholders voted in favor of the pending acquisition from UnitedHealth Group (NYSE: UNH) on Friday, Sept. 8.
Amedisys
Amedisys, Inc. reported its financial results for the three and six-month periods which ended June 30, 2023.
BATON ROUGE, Lousiana—Amedisys, Inc. (NASDAQ: AMED) reported its financial results for the three and six-month periods which ended June 30, 2023.
Three-Month Periods Ended June 30, 2023 and 2022
Desai will take the helm during the Amedisys acquisition
Optum, an American health care services provider under parent company UnitedHealth Group, has named Dr. Amar Desai as chief executive officer.
Beating Option's previous all-stock transaction, Optum's $3.3B all-cash transaction won the bid
Optum, UnitedHealth Group's health care provider, beat Option to the punch in acquiring Amedisys, one of the largest home health companies, in an all-cash transaction valued around $3.3 billion.
The two aim to create a leading, independent platform for home and alternate site care.
BANNOCKBURN, Illinois and BATON ROUGE, Lousiana—Option Care Health, Inc. ("Option Care Health"), the nation's largest independent provider of home and alternate site infusion services, and Amedisys, Inc., a provider of home health, hospice and high-acuity care, announced they have entered into a definitive merger agreement to combine in an all-stock transaction that values Amedisys at approximately $3.6 billion, including the assumption of net debt.
Healthcare leader brings wealth of operational and business development experience
BATON ROUGE, Lousiana—Amedisys, Inc., a provider of quality home health, hospice and high-acuity care services, announced its Board of Directors named Richard Ashworth as president, chief executive officer and member of the Board of Directors. Ashworth will assume the role on April 10, 2023, from Chief Executive Officer Paul Kusserow.
BOSTON— HouseWorks LLC, a provider of personal care services in Massachusetts, New Hampshire, Pennsylvania and Maine, announced it has signed a definitive agreement to acquire the personal care division at Amedisys, Inc., a provider of home health, hospice and high-acuity care.
LITTLE ROCK, Arkansas, and NASHVILLE, Tennessee (December 13, 2022)—Amedisys, Inc., a provider of home health, hospice, personal care and high-acuity care, has closed on its joint venture with the University of Arkansas for Medical Sciences (UAMS) to provide home health services in Searcy and Little Rock.
BATON ROUGE, La. (July 28, 2022)—Second quarter earnings for Amedisys are down $6.3 million compared to 2021, the company said in a press release this week. The report covered the three-month period ending June 30.
The company’s adjusted earnings before tax, depreciation and amortization (EBITDA) were also down nearly 11%, from $83.8 million to $74.4 million.
BATON ROUGE, Louisiana, and NASHVILLE, Tennessee (July 1, 2021)—Home health, hospice and personal care company Amedisys, Inc. (NASDAQ: AMED) announced that it has signed a definitive agreement to acquire Contessa Health, a provider of hospital-at-home and skilled nursing facility (SNF) at-home services, in a $250 million deal.
BIRMINGHAM, Alabama (August 1, 2019)—Many small to mid-sized home health agencies will suffer if the Patient-Driven Groupings Model (PDGM) is enacted as planned, according to Amedisys President and CEO Paul Kusserow—presenting his and other large company opportunities to increase market share.
BATON ROUGE, La. (July 25, 2019)—Amedisys, Inc., an independent home health, hospice and personal care company, has signed an agreement with ClearCare, Inc. to create an opportunity to establish partnerships between Amedisys home health centers and personal care agencies using ClearCare to coordinate the care of patients.
By Greg Shulas
Amedisys, a home health care company, is reporting strong progress in a core area that’s been a frequent Achilles heel: staff retention.
The Baton Rouge, Louisiana-based provider has cut its turnover rate from about 40 percent in late 2015 to nearly 18 percent today. It’s an achievement that has dovetailed with Amedisys’s effort to strengthen its overall recruitment strategy by consistently emphasizing its commitment to providing superior clinical care.
With Medicare spend for hospice care growing substantially in recent years and palliative care becoming an increasingly attractive precursor to hospice in the emerging value-based ecosystem, the hospice market is changing.
Recent developments of note include the October 10, 2018, announcement from Amedisys that it has signed a definitive agreement to acquire Compassionate Care Hospice, a national hospice care provider headquartered in Parsippany, New Jersey.
The continuum of care expands for company into key markets in Southern states.
By Liz Carey
(May 2, 2018)—Amedisys enlarged its personal care footprint with its subsidiary Associated Home Care’s close of the acquisition of East Tennessee Personal Care Services based in Knoxville, Tennessee.