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Amedisys (AMED)
When William Borne and two others started Amedisys with $1,500 in 1982, they were in some ways ahead of their time. Most home-nursing services were provided by nonprofit outfits, but Borne -- now CEO of the Baton Rouge-based company -- figured for-profit companies could have a big role in caring for the nation's growing population of elderly. He was right: Amedisys has grown into a network of 221 Medicare-certified facilities in 16 Southeastern states; profits have more than tripled since 2003, to $30.1 million last year. Amedisys isn't without its challenges, however. Its stock took a 24% plunge in late February after reporting fourth-quarter earnings that were below analysts' expectations and disclosing that its chief financial officer was unexpectedly departing. Still, some bulls see large stock purchases by company execs as a sign that they're still bullish about the future.
Company Info |
|
| 2005 Rank | NR |
| Market Value* ($ Millions) | 528.8 |
| Sales* ($ Millions) | 438.3 |
| Sales Growth (3-yr. avg. annual) |
44.9 % |
| Profits* ($ Millions) | 30.3 |
| Profit Growth (3-yr. avg. annual) | 230.7 % |
| Return on Inv. Capital (3-yr.) | 13.4 % |
| Share Price 12-Mo. Hi/Lo | 48/28 |
| Share Price As of 4/28/06 | 33 |
| Return on Equity | 14.9 % |
| P/E Ratio | 18 |
| No. of Employees | 6,206 |
| Industry | Health Care Services |
| CURRENT MARKET INFO | AMED > |
| COMPANY WEB SITE > | |
| Location | Baton Rouge, La. |
| Phone | 225 292-2031 |
*Trailing 12 months
Stock price data as of 4/28/06
DATA: Standard & Poor's Compustat
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Company Snapshot
Amedisys provides home health-care and hospice services in the U.S. Its home health-care services includes skilled nursing, home health aides, physical therapy, occupational therapy, speech therapy, medical social workers, specialized nursing programs, such as cardiac, diabetes, pain management, wound care, infusion therapy, oncology, and psychiatric services. In addition, the company offers disease management programs, including wound care, cardiac, diabetes, rehabilitation, and surgical recovery disease management programs. Additionally, it provides private duty services, including skilled nursing services and therapists, as well as certified nursing assistants and home health aides. Further, the company offers hospice services, including physical care and counseling for children, adults, and the elderly during their final stages of life. As of December 31, 2005, it operated 208 Medicare-certified home health agencies and 13 Medicare-certified hospice agencies in 16 states primarily located in the Southern and Southeastern U.S. The company was founded by William F. Borne in 1982. Amedisys is based in Baton Rouge, La.
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