Benzinga | Apr 14, 2021 07:08AM EDT

Amedisys Reports Will Buy Randolph Country Home Health Regulatory Asset, No Terms Disclosed

Amedisys, Inc. (NASDAQ:AMED), a leading provider of quality home health, hospice and personal care, has signed a definitive agreement to acquire regulatory assets that allow the Company to conduct home health care operations in Randolph County, N.C.

Under the terms of the agreement, expected to close April 30, 2021, Amedisys will acquire the right to operate certified home health care services in Randolph County, N.C., and surrounding areas within a 50-mile radius, including Montgomery County. The service area provides access to 31,000 Medicare and Medicare Advantage enrollees.

"We're honored to be able to offer our compassionate, clinically distinct care to more patients in more places," stated Home Health President Teonie Aurelio. "Expanding our footprint into this key market further establishes Amedisys as America's solution for aging in place."

Upon close, Amedisys will open a start-up care center to serve patients in the newly acquired service area. Amedisys is the second largest provider of home health care in the United States with 320 locations across 34 states.