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Hot Growth Special Report 2006 >

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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.


Data provided by Capital IQ
 
William F.  Borne

William F. Borne, 48

Chairman and Chief Executive Officer


Total Compensation*

$ 656,142

Total Options Value*

$ 4,816,251

* Fiscal Year 2005


Executive Bio

William Borne founded Amedisys in 1982 and has been chief executive and a director since then. Borne serves as chairman of the board of Amedisys and served as president until August, 2004. In 1988, he also founded and served as president and CEO of Amedisys Specialized Medical Services, a wholly-owned subsidiary of Amedisys engaged in the provision of home health care services, until June, 1993.


Management Team

Key Executives

William F. Borne; Alice A. Schwartz; Gregory H. Browne; Jeffrey D. Jeter; Larry R. Graham

Board Directors

Donald A. Washburn; William F. Borne; Ronald A. LaBorde; Jake L. Netterville; David R. Pitts; Peter F. Ricchiuti


Executive Data provided by Capital IQ