Home health, hospice and personal care giant Amedisys Inc. (Nasdaq: AMED) has entered a definitive agreement to acquire Asana Hospice.
The financial terms of the deal — slated to close Jan. 1, 2020 — were not disclosed.
Asana is a hospice care provider with locations in Pennsylvania, Ohio, Missouri, Kansas and Texas.
As a part of the agreement, Amedisys will gain full ownership interests of Asana.
“Our two organizations share a commitment to putting excellent patient care at the forefront of everything we do, and I know our strengthened family will continue to deliver clinical distinction to these communities for years to come,” Paul Kusserow, CEO and president of Amedisys, said in a statement announcing the deal.
Once the deal is finalized Amedisys will operate a total of 146 hospice care centers in 33 states. The Baton Rouge, Louisiana-based company has more than 400 care centers across the U.S. and currently controls 4.8% of the U.S. home health industry.
Over the past few years, Amedisys has made a strategic effort to grow its hospice business. This deal marks the company’s third hospice deal in less than a year.
In February, Amedisys acquired Compassionate Care Hospice — making the company the third-largest hospice provider in the U.S. — in a $340 million deal.
In the same month, the company acquired RoseRock Healthcare, a specialized hospice care provider that serves northeastern Oklahoma.
“The opportunity to have home health, hospice and personal care in the same space has really been an overarching goal of our CEO and leadership team,” Regarner Thompson, senior vice president of Amedisys’ hospice south region, previously told Home Health Care News. “Seniors getting to age in place with one company, one provider that can do restorative care to end-of-life care.”