Amedisys Inc. (Nasdaq: AMED) has made yet another acquisition in the private pay arena. The company’s subsidiary, Associated Home Care, has entered into an agreement to acquire Intercity Home Care, a Malden, Massachusetts-based personal care provider.
The transaction is expected to close on October 1 and will bring Amedisys’ total client count in Massachusetts to 19,000, the Baton Rouge, Louisiana-based company announced on Thursday. The acquisition price was not disclosed.
This is the latest in a series of moves Amedisys has made to develop integrated post-acute networks of personal care, home health and hospice in the communities it serves.
“Amedisys entered into personal care as part of our overall healthcare strategy, which will bridge the gaps in continuum of care,” Mike Trigilio, president of Amedisys’ Personal Care Division, told Home Health Care News.
Intercity Home Care, founded in 1967, has four locations throughout the Greater Boston, North Shore, and Merrimack Valley communities in Massachusetts. It was previously a family-owned company and provides services including personal care, homemaking and companionship, professional nursing, transportation and grocery, and laundry delivery.
“Amedisys continues to look at tuck-in personal care acquisitions in areas where we have a strong home health and hospice presence,” Trigilio said. “This may be in Massachusetts or in other areas across our national footprint.”
Already one of the nation’s largest home health and hospice providers, Amedisys first entered the personal care space in February 2016 when it acquired North Andover, Massachusetts-based Associated Home Care for $28 million. Trigilio, who was the CEO of Associated Home Care, has continued to lead the subsidiary, plus now oversees Amedisys’ new personal care division.
“Amedisys has a robust integration plan and team in place to help acquired companies transition to our systems and processes to ensure there is minimal disruption to the care we provide,” Trigilio said. “We are also transitioning the acquired companies’ names in Massachusetts to Associated Home Care, an Amedisys company, so that we have a unified presence across the state.”
Amedisys continued its growth in the private duty space in August 2016 with a $4.4 million deal to acquire Danvers, Massachusetts-based Professional Profiles, Inc. In 2017, the company acquired Worcester, Massachusetts-based Home Staff LLC, and then purchased Knoxville-based East Tennessee Personal Care Service in a deal which will close as soon regulatory approval is received from the state.
Written by Elizabeth Jakaitis
Companies featured in this article:
Amedisys Inc., Associated Home Care, East Tennessee Personal Care Service, Intercity Home Care, Professional Profiles Inc.
