Benzinga | Sep 20, 2021 05:16PM EDT

Amedisys To Buy Regulatory Assets Allowing Co. To Establish Home Health Care Centers To Fully Service, Expand Charlotte, Raleigh, North Carolina Markets

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 establish home health care centers to fully service and expand the Charlotte and Raleigh, N.C. markets.

Under the terms of the agreement, expected to close October 18, 2021, Amedisys will acquire the right to expand certified home health care services in Mecklenburg County and Wake County, N.C., and surrounding counties, including Union, Wayne, Wilson, Stanley, and Anson counties. The service area provides access to more than 350,000 Medicare enrollees and more than 100,000 Medicare Advantage enrollees.

"We're honored to be able to offer our compassionate, clinically distinct and industry leading quality care to more patients in more places," stated Home Health President Tammy Peebles-Forrest. "Expanding our footprint across these two key medical markets enables us to provide high-quality care to more patients in coordination with numerous forward-thinking healthcare providers. These markets have long been sought after to further prove that Amedisys is America's solution for aging in place."

Upon close, Amedisys will open two start-up care centers to serve patients in the Charlotte and Raleigh markets. Amedisys is the second largest provider of home health care and the third largest provider of hospice care in the United States with 519 locations across 39 states and the District of Columbia. The Company also provides personal care and palliative care.