- Associated Press - Tuesday, November 3, 2015

BATON ROUGE, La. (AP) - Louisiana-based home health and hospice company Amedisys Inc. will acquire Florida-based Infinity HomeCare and its 15 care centers for $63 million.

Infinity, whose headquarters are in Sarasota, Florida, provides care for more than 14,000 patients each year and has more than 600 employees. Infinity generated around $50 million in revenue a year.

President and Chief Executive Officer Paul Kusserow tells The Advocate (https://bit.ly/1ROS9OI) the acquisition will expand the Amedisys footprint in Florida. The deal also “sends a strong signal” that Amedisys plans to resume growing through acquisitions in key markets.

In August, Kusserow said Amedisys has compiled a list of more than 200 potential targets for acquisitions, joint ventures and other partnerships. In September, the company announced it has $300 million in credit available to fund those deals.


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

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide