Amedisys (AMED) Closes $4.4M Acquisition of Professional Profiles

September 2, 2016 7:26 AM EDT

Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.

Amedisys, Inc. (Nasdaq: AMED), as of September 1, 2016, has closed on the previously announced acquisition of Professional Profiles, Inc., for $4.4 million.

“This transaction solidifies our footprint in Massachusetts, building on our March acquisition of Associated Home Care, the leading personal care company in Greater Boston,” stated Amedisys President and Chief Executive Officer Paul Kusserow. “It also takes us yet another key step closer to achieving our long-term strategy in adding personal care to complement our home health and hospice businesses in Massachusetts.”

Professional Profiles, Inc., with corporate headquarters in Danvers, Massachusetts, cares for more than 1,000 clients per year. The Company has 384 employees, offices in Brookline, Melrose and Lowell and covers all of Eastern Massachusetts.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Corporate News, Management Comments, Mergers and Acquisitions

Related Entities

Definitive Agreement

Add Your Comment