Amedisys, Humana Sign Agreement to Provide Home Health Services

Amedisys

today announced that it has signed a new agreement with Humana Inc.

to provide home health services. Under the new agreement Amedisys will receive payment on a per visit basis. Previously, Amedisys was reimbursed on an episodic basis. While the agreement is national in scope, not all markets served under the former agreement may be served under the new agreement. Revenue earned from Humana has been approximately $65-$70 million on an annualized basis, and we anticipate the new agreement will generate revenue levels of approximately half this amount. Revenue will be impacted beginning in the fourth quarter of 2012; however, the full impact will not occur