Baton Rouge-based home health and hospice company Amedisys Inc. announced today it’s buying a nationwide hospice company based in New Jersey.
Amedisys says the $340 million buy of Compassionate Care Hospice of Parsippany, New Jersey, will make it the nation’s third-largest hospice provider.
Amedisys says in a statement that it currently sees 7,500 hospice patients a day in 22 states, while Compassionate Care has more than 2,300 patients in 24 states.
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Once the sale closes, Amedisys says it will have about 5,700 employees at 136 centers in 34 states, and they’ll be caring for about 11,000 patients a day. Closing is expected by Feb. 1.
