Home health segment
Amedisys’s (AMED) home health segment provides compassionate health care to help patients recover from surgery and illness, live with chronic diseases, and prevent avoidable hospital readmissions. The segment has a presence across 34 states in the US through 323 care centers. Teams in these care centers consist of skilled nurses who administer medications, care for wounds, and monitor vital signs, as well as therapists who specialize in physical, speech, and occupational therapy.
Amedisys operates 83 hospice care centers across 22 states in the US. This segment’s goal is to build and retain an exceptional team and deliver high-quality care and service to patients and their families. To this end, Amedisys invests in tailored training and development programs for its employees. Amedisys also undertakes outreach efforts to engage eligible patients with a focus on heart disease, lung disease, and dementia.
Personal care segment
The personal care segment provides assistance with daily living activities. Amedisys acquired its first personal care company in March 2016. The company continued its expansion in the personal care segment with two acquisitions in 2017. At present, Amedisys operates 14 personal care centers in Massachusetts and one personal care center in Florida. The personal care segment is synergistic with Amedisys’s home health and hospice segments and provides its patients and payor partners a continuum of care.
Amedisys has made a string of acquisitions in 2017. In February 2017, it acquired Home Staff for a consideration of $4 million. Home Staff owns and operates three personal care centers.
In May 2017, Amedisys acquired three home health centers and two hospice care centers from Tenet Healthcare (THC) for $20.5 million. In October 2017, Amedisys acquired Intercity Home Care for a consideration of $9.6 million. Intercity owns and operates four personal care centers in Massachusetts.
In the next part of the series, we’ll take a look at the financial performance of Amedisys.