A Louisiana-based home health and hospice company says it’s buying a nationwide hospice company based in New Jersey, and will become the nation’s third-largest hospice provider.
Amedisys, Inc . of Baton Rouge said Wednesday that it is buying Compassionate Care Hospice of Parsippany, New Jersey, for $340 million.
A news release describes Amedisys as the nation’s leading independent home health, hospice and personal care company, and says it has a definitive sale agreement with Compassionate Care.
Amedisys has 7,500 hospice patients a day in 22 states and Compassionate Care has more than 2,300 in 24 states.
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Once the sale closes, Amedisys says it will have about 5,700 employees at 136 centres in 34 states, and they’ll be caring for about 11,000 patients a day.
Closing is expected by Feb. 1.
Date: October 15, 2018
Source: MarketScreener
