Amedisys Prepares to Divest 35 Home Health Care Centers
Amedisys Inc. (NASDAQ: AMED) announced Friday it has retained a mergers and acquisitions company to help divest dozens of care centers in the coming months.
A nationwide health care at home company that currently covers 380,000 patients, Amedisys announced in its first quarter earnings statement it was planning to divest 50 of its care properties, whether through sale of the locations or through joint ventures with hospitals, health systems or other providers.
To that end, Amedisys has retained The Braff Group, a health care merger and acquisition company specializing in the sale of home health, hospice and other service companies, to assist in the divestiture of 35 of the 50 properties announced.
The process is planned to extend through the third quarter of 2013, the company said in a statement. It does not plan to report on developments of the various transactions until further disclosure is required.
Written by Elizabeth Ecker