Amedisys, Inc. , one of America's leading home health and hospice nursing companies, today announced that two executives are leaving the Company to pursue other interests. The Company has accepted the resignation of Mr. Larry R. Graham, as President and Chief Operating Officer of the Company. The resignation is effective September 3, 2009. Mr. Graham's duties will be temporarily assumed by William F. Borne, the Company's Chairman and Chief Executive Officer.
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About Amedisys Inc.
Amedisys, Inc. (Amedisys) is a provider of home health services to the chronic, co-morbid, aging American population. The services that the Company provides include both home health and hospice services with approximately 87% of its revenue derived from Medicare. As of December 31, 2008, Amedisys owned and operated 480 Medicare-certified home health agencies, 48 Medicare-certified hospice agencies and managed the operations of four Medicare-certified home health and two Medicare-certified hospice agencies in 37 states within the United States, the District of Columbia and Puerto Rico. Its home health patient is Medicare eligible, approximately years old and takes approximately 12 different medications on a daily basis and has multiple co-morbidities. For the Company’s home health patients, it receives a 60-day, episodic-based payment from Medicare. On March 26, 2008, the Company completed the acquisition of TLC Health Care Services, Inc.
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