Baton Rouge, La.-based Amedisys, a home health and hospice care provider, inked a definitive agreement to buy Associated Home Care, a private-duty home healthcare agency based in North Andover, Mass., for $28 million.
This marks Amedisy's second acquisition in three months and its first venture into private duty care. Under the agreement, Associated Home Care CEO Michael Trigilio and his management team will continue to lead the division, and Mr. Trigilio will also oversee Amedisy's new personal care division, which expands its private-duty capabilities nationwide.
"This is our first acquisition of a private duty company and an important step in realizing our long-term strategy," Amedisys President and CEO Paul Kusserow, said in a statement. "Entering this complementary business line will also enhance our home health and hospice businesses in Massachusetts. This will improve the continuity of care our patients receive as their clinical needs change between skilled nursing and private-duty care over time — bringing even more value to our patients, referral sources and payers. We believe that private duty services are highly synergistic with our core skilled home health and hospice businesses, and that by acquiring these capabilities in one of our most successful regions we will realize these benefits quickly. Based on their strong track record of organic growth and integrating tuck-in acquisitions, we believe Associated Home Care is the right team to lead our efforts to grow this capability in our other core markets."
The deal is expected to close March 1.
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