Amedisys (AMED) Announces Agreement to Acquire Compassionate Care Hospice for $340M

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Amedisys Signs Definitive Agreement to Acquire Compassionate Care Hospice

October 10, 2018 7:30 AM EDT

BATON ROUGE, La., Oct. 10, 2018 (GLOBE NEWSWIRE) -- Amedisys, Inc. (NASDAQ: AMED), Americas leading independent home health, hospice and personal care company, announced today that it has signed a definitive agreement to acquire Compassionate Care Hospice (CCH), a national hospice care provider headquartered in Parsippany, New Jersey. Compassionate Care Hospice, a community-based organization founded in 1993, cares for approximately 3,300 patients daily and employs more than 2,300 hospice professionals in 53 locations across 24 states. The company generates approximately $188 million in annual revenues, with an adjusted EBITDA of $27 million.

Under the terms of the agreement,... More