BATON ROUGE, La., Jan. 04, 2016 (GLOBE NEWSWIRE) -- Amedisys, Inc. (NASDAQ:AMED), one of America's leading home health and hospice companies, today announced that on December 31, 2015, it has closed the previously announced acquisition of Infinity HomeCare, for $63 million in cash.
“By coming together, Amedisys and Infinity HomeCare will form Florida’s premier home health company – with a focus on empowering our employees to continue delivering outstanding, high-quality patient care and partnering with the providers and communities we serve,” stated Amedisys President and Chief Executive Officer Paul Kusserow.
"Amedisys is recognized nationally for its leadership and strategy for the future of healthcare at home,” said Infinity HomeCare’s President and Chief Executive Officer Steve Karasick. “Combining our organizations creates a unique and powerful team of clinical excellence and innovation.”
Infinity HomeCare, headquartered in Sarasota, Florida, cares for more than 14,000 patients per year and has more than 600 employees with 15 care centers in Florida. The Company generates approximately $50 million in annual revenues and was previously controlled by the principals at HealthEdge Investment Partners, LLC.
About Amedisys:
Amedisys, Inc. (NASDAQ:AMED) is a “health care at home” company delivering personalized home health and hospice care to more than 360,000 patients each year. Amedisys is focused on delivering the care that is best for our patients, whether that is home-based recovery and rehabilitation after an operation or injury, care focused on empowering them to manage a chronic disease, palliative care for those with a terminal illness, or hospice care at the end of life. For more information about Amedisys, please visit: http://www.amedisys.com.
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About HealthEdge:
HealthEdge Investment Partners, LLC is an operating-oriented private equity firm founded in 2005 that focuses exclusively on the healthcare industry. HealthEdge seeks to achieve superior returns by investing in businesses that benefit from the knowledge, experience and network of relationships of its partners. HealthEdge’s partners have more than 100 years of combined operating experience in healthcare as CEOs and investors. For more information on HealthEdge, visit www.healthedgepartners.com.