Shares of Amedisys shot up this morning after the home nursing company announced it expects past acquisitions and improvements at current operations to boost profit in 2009. The Baton Rouge-based company said it expects profit between $4.10 and $4.30 per share on revenue between just under $1.43 billion and $1.48 billion. Analysts polled by Thomson Reuters, on average, expect profit of $3.82 per share on revenue of $1.41 billion. As of 11 a.m., shares of Amedisys were up 14%, trading at just under $46. Amedisys also announced Larry R. Graham, president and chief operating officer, would join the board of directors. Graham has worked at the company since 1996.
Amedisys shares up on profit news
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