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Amedisys Closes On Acquisition of Home Staff, LLC
BATON ROUGE, La., Feb. 02, 2017 (GLOBE NEWSWIRE) -- Amedisys, Inc. (NASDAQ:AMED), one of the nation’s leading home health care and hospice companies, today announced that its subsidiary, Associated Home Care, has closed on its acquisition of Home Staff, LLC, a personal care provider, headquartered in Worcester, Massachusetts.
Under the terms of the agreement, Associated Home Care acquired substantially all of the assets of Home Staff from Fallon Health and VNA Care Network.
Home Staff, founded in 1977, offers professional nurses, chore workers, companions, transportation, Personal Care Assistants, Certified Nursing Assistants and homemakers to clients to encourage independent living 24 hours a day and seven days a week. With 502 employees, Home Staff has home personal care offices in Worcester, Needham and West Springfield and covers the Greater Metro Boston, Greater Worcester Region and the Western Massachusetts Region. It delivers care to 3,500 clients per year and generates approximately $10.5 million in annualized revenues.
“This acquisition is exciting not only because it enlarges our personal care footprint in Massachusetts, it also positions us for a future collaboration with an innovative payor to help manage their most vulnerable patients,” stated Amedisys President and Chief Executive Officer Paul Kusserow. “We look forward to partnering with Fallon Health to show the value that our care can bring to programs such as PACE (Program of All-Inclusive Care for the Elderly), SNPs (Special Needs Plans) chronic disease management and population health management.”
Amedisys’ Personal Care Division (AHC) now collectively has 2,500 aides providing care to 15,000 clients annually at home throughout Massachusetts – making it the largest personal care provider in the state.
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Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, you should not rely on any forward-looking statement as a prediction of future events. We expressly disclaim any obligation or undertaking and we do not intend to release publicly any updates or changes in our expectations concerning the forward-looking statements or any changes in events, conditions or circumstances upon which any forward-looking statement may be based, except as required by law.
Amedisys, Inc. is a leading healthcare at home Company delivering personalized home health, hospice and personal care. Amedisys is focused on delivering the care that is best for our patients, whether that is home-based personal care; recovery and rehabilitation after an operation or injury; care focused on empowering them to manage a chronic disease; or hospice care at the end of life. More than 2,200 hospitals and 61,900 physicians nationwide have chosen Amedisys as a partner in post-acute care. Founded in 1982, headquartered in Baton Rouge, LA with an executive office in Nashville, TN, Amedisys is a publicly held company. With more than 16,000 employees, in 421 care centers in 34 states, Amedisys is dedicated to delivering the highest quality of care to the doorsteps of more than 340,000 patients in need every year. For more information about the Company, please visit: www.amedisys.com.
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About Home Staff, LLC:
For over 37 years, Home Staff has been Massachusetts’ leading choice in private home care, enabling countless people to remain comfortably in the safety of their own home…wherever home may be. Home Staff’s exceptional caregivers provide superior, individualized care that encourages and supports independent living and provides peace of mind to families and loved ones. Home Staff’s contacts and collaboration with many partners in the eldercare market and its’ accreditation by the Home Care Alliance of Massachusetts, has contributed to its’ positive reputation as a provider and employer.
CONTACT: Contact: Kendra Kimmons Managing Director of Communications 225-299-3708 firstname.lastname@example.org