Amedisys Inc., a Baton Rouge-based home health care company, finished 2015 strong with fourth quarter net income of $12.9 million, or $0.38 per diluted share, topping the previous year’s $9.1 million, or $0.28 per diluted share, on a GAAP basis, according to the company’s fourth quarter report for the end of 2015.
For the year, Amedisys’ net income was $48.9 million, or $1.48 per diluted share, compared to $23.9 million in 2014, or $0.73 per diluted share.
In a statement, Amedisys President and CEO Paul Kusserow says the company is pleased with its results and the growth it’s seeing so far in 2016.
“In 2015, we generated $112 million in EBITDA, $108 million in cash flow from operations, strengthened our balance sheet and closed the acquisition of Infinity HomeCare in Florida,” Kusserow says. “Since the end of the year, we also announced our acquisition of Associated Home Care, our first acquisition in the personal care space.”
Kusserow says Amedisys intends in 2016 to complete its transition to the Homecare Homebase home health software and invest in quality.
“We believe both will be key differentiators for Amedisys as our industry continues to evolve toward outcomes-based reimbursement and away from a fee-for-service model,” he says.
“Finally, we will continue with a disciplined capital allocation strategy, pursuing accretive acquisitions, such as our recently announced Associated Home Care deal, and executing under our share repurchase program where appropriate.”
