Amedisys acquires Asana Hospice

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Amedisys Inc. digs deeper into Hospice by acquiring Asana, its third acquisition in the past one year.

When home health giant Amedisys acquired Care Hospice in 2018 for $340 million, the group made its intentions very clear. It was looking at more such ‘Hospice’ acquisitions in the future.

Living up to its promise, Amedisys announced the closure of acquisition deal with Asana Hospice. Amedisys has not revealed financial details of the acquisition.

By acquiring Asana, Amedisys has now expanded its footprint in eight more locations including Pennsylvania, Ohio, Texas, Missouri and Kansas. In totality now, the company owns and operates 146 Hospice care centers in 33 states, providing care to more than 12,000 patients daily.

The reason behind Amedisys’s interest in hospice is the Patient Driven Groupings Model (PDGM) and the uncertainty that accompanies it. 

Though Amedisys has made significantly acquisitions in Hospice, its major revenue still comes from its home health offerings. In the 3rd quarter of 2019, Amedisys’s home health revenue totalled $311 million while its Hospice revenue came to $162 million.

Tags : #amedisysinc #amedisysincacquisition #amedisysincacquiresasanahospice #amedisysacquiresasanahospice

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Ashesh Pandia

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