- Associated Press - Thursday, May 8, 2014

BATON ROUGE, La. (AP) - Baton Rouge-based home nursing company Amedisys Inc. reported a first-quarter loss of $12.4 million, or 39 cents per share, compared to a profit of $2.7 million, or 9 cents per share a year ago.

However, the 2014 results included $16.1 million in costs, most of which were related to closing centers and restructuring expenses. With that amount added back, Amedisys lost $2.2 million, or 7 cents per share.

The Advocate reports (http://bit.ly/1sqmnf7) Amedisys announced last month it was closing 23 home health centers, six hospice centers and consolidating 25 other centers.

Amedisys‘ revenue was close to that projection. The company reported first-quarter revenue dropped to $298.7 million from $328.6 million a year earlier.

Interim Chief Executive Officer Ronald A. LaBorde said the company has improved the health of the 60,000 patients its employees treat every day but has “fallen short” in translating clinical focus to operating results.

The company is focused on turning that around, he said.


Information from: The Advocate, http://theadvocate.com

Copyright © 2016 The Washington Times, LLC.

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