Amedisys sees jump in 4Q profits

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Amedisys posted a better-than-expected quarterly profit, with net income rising 58% to $26.3 million, or 97 cents a share. That compares with the $16.7 million, or 63 cents a share the Baton Rouge-based home health company earned in the last three months of 2007. For the year, Amedisys had $86.7 million in net income, or $3.22 a share. That’s 33% more than the $65.1 million, or $2.48 a share the company recorded in 2007. An aggressive acquisition philosophy has caused Amedisys to see its earnings per share go up by 20% for six consecutive years.

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