Amedisys Names New CFO
One of the nation’s largest home health care providers has added another new executive to its team as the latest in a series of recent C-suite changes.
Baton Rouge, Louisiana-based Amedisys Inc. (Nasdaq: AMED) has named Gary D. Willis as its new chief financial officer. He will join the company as CFO effective Jan. 3, 2017. Current CFO Ronald A. LaBorde will continue in his role as vice chairman until his retirement on April 2, 2017.
Willis most recently served as executive vice president and CFO for Capella Healthcare, Inc., a hospital operating partner based in Franklin, Tennessee.
“Gary’s financial expertise and experience in health care makes him an excellent addition to our executive team,” Amedisys President Paul Kusserow said in a statement. “I would also like to acknowledge the many contributions Ronnie has made here at Amedisys. I’m appreciative that he is staying on through April 2 to ensure a seamless transition before his well-earned retirement.”
The hiring is the latest in a sweep of C-Suite shifts at Amedisys. The provider named Christopher Gerard as its new chief operating officer (COO) last month and also recently hired Susan Sender as its new chief clinical officer. Amedisys CIO Martin B. Howard left the company this past fall.
LaBorde’s retirement was announced earlier this year in conjunction with the release of the company’s second quarter earnings. The news seemed to spook investors and sent the stock price diving at the time.
The wave of new hires comes as the company revealed grim earnings in the third quarter. Growth in its home health division was slow, while the company faced high expenses and weather-related challenges.
However, Amedisys is still acquisitive and is set to become the largest personal care provider in Massachusetts with its recent acquisitions.
Written by Amy Baxter