Amedisys Signs Definitive Agreement to Acquire Hackensack University Medical Center Hospice Agency and Inpatient Unit (AMED)

Amedisys AMED, one of America's leading home health and hospice companies, today announced that it has signed a definitive agreement to acquire the hospice operations of Hackensack University Medical Center. Hospice of Hackensack, with annual revenue of approximately $5 million in 2010, operates one hospice agency and one eight-bed hospice inpatient unit, primarily serving the counties of Bergen and Hudson, but licensed to provide care throughout all counties in New Jersey. The transaction remains subject to customary closing conditions, including state regulatory approvals. It is not expected to add materially to Amedisys' earnings in 2011.