Home nursing provider Amedisys says its first-quarter profit rose 64% on growth from acquisitions. The company earned $27 million, or 99 cents per share, up from profit of $16.5 million, or 62 cents per share, during the same period a year prior. Revenue rose 60% to $341.8 million from $213.1 million. Analysts polled by Thomson Reuters expected profit of 97 cents per share on revenue of $345.5 million. Looking ahead, Amedisys expects full-year profit between $4.10 and $4.30 per share on revenue of about $1.43 billion to $1.48 billion. In a statement, Amedisys CEO William F. Borne attributed the company’s continued growth on providing superior clinical services, growing the business aggressively through acquisitions and becoming as operationally efficient as possible.
Amedisys profits, revenues increase in first quarter
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