Baton Rouge-based Amedisys, a home health and hospice care provider, posted net earnings of $6.2 million, or .19 cents per diluted share, compared to a net loss of $35 million, or $1.07 per diluted share, during the same period in 2015, according to the company’s first quarter financial report for the period ending on March 31.
The company’s adjusted net income for the three-month period was $10.9 million, or 33 cents per diluted share, compared to an adjusted net income of $9.8 million, or 30 cents per diluted share, for the same time period in 2015.
Net service revenues for the home health company increased $47.2 million, or roughly 16%, to $348.8 million compared to $301.6 million in 2015.
Paul B. Kusserow, Amedisys president and CEO, says the company is pleased with the results.
“We generated strong organic growth across home health and hospice and closed on our first acquisition of a personal care company—Associated Home Care. We also remain focused on clinical distinction, becoming an employer of choice and operational excellence, and are confident in our ability to deliver on the efficiencies outlined in our plan and promised to our investors,” Kusserow says in a prepared statement.
